Mr. Chair, allow me to continue to confirm for the honourable member first and foremost that we moved very quickly with our officials and the Minister of Finance to put forward measures in the financial and economic update to fully compensate seniors who were affected. This work is already under way. This is going to be a one-time, automatic payment to fully compensate the seniors who lost their GIS in 2020.
Secondly, Mr. Chair, to ensure that this doesn't happen again and to fulfill this commitment in my mandate letter, we introduced Bill C-12, which is going to do precisely that. It is going to amend the Old Age Security Act to exclude any income received under the CERB or CRB for the purposes of calculating the amount of GIS and allowances payable.
It is a very simple bill. It is a quick but very significant amendment to the OAS act to ensure that seniors, particularly the most vulnerable, are not impacted this year for the benefits they took last year.
I've had conversations with all parties and with my critics on this. I really hope we can all agree and move quickly to make sure we put this in to ensure that those most vulnerable seniors have the supports they need.