Mr. Speaker, the proposed seniors benefit plan would claw back benefits by 20% on those with a family income of $26,000. This added together with the existing tax rates would mean a tax rate for middle income seniors of 70%. This would kill any incentive to save for retirement. They would not even be able to buy green for St. Paddy's Day.
Canadians are worried that their savings will be taken from them. What is the finance minister prepared to do today?