Given the demographics in Canada and the aging of the population, we predict the number of eligible recipients of OAS to be increasing, for example, between this year and next year, by about 3%. So this is a process and a trend that has been ramping up.
Right now, we have about four million seniors in Canada who are eligible for old age security. As well, we have about three million Canadians who are eligible for CPP retirement benefits. Between those two programs, the Government of Canada provides $62 billion in benefits on an annual basis, and we expect that amount to increase.