Mr. Speaker, not only is the Minister of Finance going to hike the CPP tax by 70 per cent for working people, but let us look at what he is going to do for the retired folk.
Under the minister's proposed new rules the old age security is gone. The guaranteed income supplement is going to be gone. The $3,500 seniors tax free allowance is gone and the $1,000 tax free pension income for seniors is gone.
Will the Minister of Finance tell us why he has killed these four pillars of financial security for seniors so that he can brag about his budget?