Mr. Speaker, that is a great question. This is a very serious issue, one which we are taking very seriously.
Today we spend 13¢ of every tax dollar on the OAS program. By 2030, this will grow to 21¢. If the changes are not made now, this program is not going to be sustainable for future generations.
The former governor of the Bank of Canada, David Dodge, said that we are up against a wall. That is exactly the truth. We have to do something now to protect those future generations. This is a vital program that is cherished by all Canadians. We must work to ensure it is sustainable for future generations.