There are a few things. First, I want to assure the honourable member that we left no stone unturned to support these most vulnerable seniors. We worked extremely quickly with our officials and the Minister of Finance and looked at all options available to find a solution. As you know, in the fall economic update we made a major investment to fully compensate the seniors who were affected.
Of course, that work is under way. This automatic one-time payment will support those seniors by fully compensating them for the full loss of their GIS. Of course, I agree that we need to get the money out as quickly as possible, and that's exactly what we're doing and exactly what our officials are looking at.
I'll turn to Cliff to provide even more clarity on that, but I will say that the honourable member talked about what we can do. That is precisely why we introduced Bill C-12. It is going to ensure that we prevent this from happening again, giving vulnerable seniors the security that their GIS won't be impacted because of the pandemic benefits they took last year.
I really hope we can work alongside all parties. I have been forthcoming and I have engaged with every party. My seniors critic offered them briefings on making sure we can move quickly on this, because it is urgent. Bill C-12 is a simple, quick fix to get this done, and I really hope the honourable members, and indeed all parties, will do just that.
I will turn to Cliff to provide more clarity on the one-time payment.