Mr. Speaker, my hon. colleague may have misunderstood the intent of the OAS changes. He said that we see a crisis. Nobody on this side of the House has said there is a crisis.
The system we are putting in place would be implemented starting in 2023. I do not see a crisis in looking that far ahead. We are going to avoid a crisis that would see the country thrown into a situation where there would be no long-term, sustainable Canada pension plan. By planning ahead to 2023 to begin implementation of the plan, to have it fully implemented by 2029, is a practical, measured approach that would ensure future sustainability.
My colleague mentioned provincial co-operation. I did mention in my speech that all provincial and territorial finance ministers agreed that this was the way to move ahead.