Mr. Speaker, in reviewing the Conservatives' approach to my bill, something struck me.
The Conservative approach does not take into account the fact that every retiree who receives the guaranteed income supplement can already deduct $3,500. What is more, the Conservative approach does not take into account the fact that not all retirees are fortunate enough to have an RRSP. Finally, this approach assumes that all eligible retirees would prearrange their funerals in the first year.
That is not what my bill is about at all, even though I would certainly like to be able to give our retirees $81 million. By the way, $81 million is only 1% of the total envelope.
Unfortunately, my approach just seeks to correct a glaring injustice done to some of the least fortunate retirees. Let me explain. If tomorrow morning, every Canadian withdrew money from an RRSP in order to prearrange their funeral, only 9,000 of them would take a hit to their income in 2014. You heard right: out of 37 million Canadians, only 9,000 of the least fortunate would be penalized, according to official data from the Library of Parliament.
To me that is unfair and unacceptable. This bill is about those 9,000 people, and that is where the $132,400 figure comes from.
Why take two different approaches in the same bill? For the simple reason that we did not have the time or the opportunity to sit down together and take a close look at the purpose of my bill. That is why all of the parties in the House should at least have a chance to take a thorough look at my bill in committee.
I am therefore asking all members of the House to give this bill a chance to go to committee for thorough study and debate. The committee is the only place where we can make amendments to align the two objectives in my bill and find a solution that makes everyone happy.
As I have been saying since the beginning, I am open to amendments because my goal here is not to make political hay; it is to help Canadian seniors who really need help. Let us not forget that, as I have said, this bill targets a small number of people who unfortunately belong to one of the neediest groups in society. These are people who built our great country, who made it what it is today. They deserve all of our respect, and they especially deserve to have us find a solution to a problem that affects only the poorest seniors.
As I said earlier, no other Canadians are penalized income-wise the year after they withdraw money from an RRSP to pay for a pre-arranged funeral. Only these nation-builders, who worked so hard their whole lives and managed to put some of their hard-earned money aside in their RRSPs, are penalized. If they want to help their families cope with the grieving process once they depart for a better world, they will be penalized.
I am therefore asking all members of the House to set partisanship aside and support my bill so that we can work together to find a way to help our poorest seniors enjoy their well-deserved retirement a little bit more.
In closing, I would like to thank all of the members who spoke to my bill. I appreciate that very much.