Thank you.
Doing the job correctly has required significant investment. At the same time, costs have remained stable and well managed.
Between 2017 and December 31, 2025, the government spent $1.8 billion on this program. The recently completed old age security and benefits delivery modernization project was delivered as planned and under budget.
As with any project of this scale, estimates evolve as the work progresses. Our focus is on managing these costs carefully while continuing to deliver benefits to Canadians.
The program's long-term estimate of $6.6 billion now covers the completion of four main projects by 2031—