Yes, and for most seniors, by 50%. If you take $1,000 out of your RRSP, your GIS the next year will go down by $500. For some of them, it will go down by $750, and for some of them, because of the GIS top-up that the provinces administer, it will go down by $1,000. You will get no benefit whatsoever. Also, for some of those people, their rent will go up on top of that.
On October 3rd, 2017. See this statement in context.