Thank you. That's very helpful. I have a short amount of time.
Dr. Sinha, I appreciated some of your earlier testimony. Yesterday I skimmed through one of the NIA reports. In the national seniors strategy, one of the three underlying principles is value for money as it relates to taxpayer expenditures.
You briefly touched upon old age security in your remarks. I'm very interested to hear if any studies have been done on how we distribute the funds that are collected and given to seniors. As you likely know, the minimum threshold for a tax on OAS payments is about $77,000. However, I think you can receive OAS payments up to an income of $130,000, so high-income seniors are receiving OAS benefits from the Government of Canada. Over the course of the pandemic, it's been really clear that seniors on GIS, say, and lower-income seniors have been suffering greatly.
I'm wondering if your organization or any of the research you're doing at Ryerson has discussed the possibility of redistributing the amount of total funds for old age security, but targeting low-income seniors more with existing funds.