Yes, of course. Thank you for the question.
It is actually very simple. The government put forward the argument that it wanted to help seniors who were most in need. That is why this measure focused on seniors aged 75 and over.
However, we feel that this measure will not help only those in need, as people are entitled to the old age security pension until their annual income reaches $77,000. Had the government really wanted to help people in need, it should have increased the guaranteed income supplement generally, for seniors aged 65 and over.
For starters, old age security makes no distinction among age groups; the minimum age of 65 is the only consideration. Now that the decision has been made to split old age security in two, two classes of seniors have been created. Unfortunately, that decision is a major mistake, as it will not help those most in need.