Mr. Speaker, according to a study by the Canadian Centre for Policy Alternatives, pension income splitting benefits the wealthiest seniors disproportionately.
Of the families that benefit from this tax break, only 10% of the wealthiest benefit fully, at a cost of $1.2 billion per year, while 70% of seniors enjoy no benefit at all from this measure. It is clear that the government has no plan whatsoever for seniors living below the poverty line in Canada.
When will the Minister of State for Seniors do something for seniors who really need help?