Mr. Speaker, the new seniors' benefit announced by the Minister of Finance is an exercise in duplicity.
In the massive restructuring of the benefits to seniors, the minister has slipped into the fine print a rule that will tax low income seniors at a rate of 50 per cent on income over their seniors' benefit. That is the same rate millionaires and billionaires pay in this country.
Will the minister please explain this massive tax grab on low income seniors.