Mr. Speaker, I am very happy today to rise and speak to the proposed legislation, Bill C-26. In order for me to explain my position on this bill, I want to say a bit about the great riding of Mississauga—Erin Mills.
While I was canvassing over a year ago, I had the opportunity to knock on a door in a good neighbourhood. An old lady opened the door. She was very dishevelled. She had bruises on her arms and her hair was a mess. I was still a candidate, and I asked her what she thought our government would need to do to better support Canadians. She said, “After I pay my rent, after I pay my medical bills, I don't have enough money left for food.” That is the plight of many retired people who live not just in my riding but all across Canada.
Over the summer, I had the opportunity to take part in the Red Cross Meals on Wheels program. Together with Red Cross, I went to different homes in my riding. We visited senior citizens who could not afford food. They were getting food from food banks and programs like the Red Cross Meals on Wheels program. I got to speak to them and really understand their plight, their difficulty in finding stability in their age of retirement, in their most vulnerable time.
The average age in my riding is 37. We have a lot of young families. Over the summer, I had the opportunity to knock on doors and get to understand what Canadians were most concerned about. I knocked on over 1,000 doors, and the number one concern, even from young people, was about what they are going to do when they retire. They wondered if they will have stability in their living and if they will have to downgrade their lives at that point, and what the government is doing.
Despite all the current benefits that are provided for retired people, we recognize that it is not doing enough to support Canadians in their retirement. Having understood the concerns of Canadians, the government has introduced Bill C-26. This bill seeks to boost how much each Canadian will receive from the Canada pension plan. The current system provides retirees with up to one-quarter of their earnings. Under the proposed system, this would increase to one-third, up to a maximum benefit of $20,000.
Seniors have for the most part spent their lives contributing to Canada's economy, by working hard, striving for opportunity, and building in their own way the Canada that we love. They have raised families in Canada. Their children will one day grow and continue to carry the torch of progress for this beautiful country.
This legislation will also support and benefit the next generation of workers. Young Canadians who enter the work force over the next few years will benefit the most from the enhancement of the CPP. Young workers visit me in my constituency office on a very regular basis, looking for employment, or they are starting their careers and looking for advice as to how to further their careers. I am very pleased to say that our young Canadians are very dedicated to the progress of Canada and to making sure that we build a strong nation. I am very happy to see that our government, through Bill C-26, will ensure that their future is also maintained in their times of vulnerability.
As I have alluded to earlier, many current retirees face troubling challenges in making ends meet. Recognizing this, our government took steps to improve the quality of life for seniors today. In budget 2016, our government provided a boost to the GIS, the guaranteed income supplement, to help seniors who are single with up to $947 annually. This ensures that the future of Canada is protected.
We will see over the next many years an increase in the number of retired people. As a government, if we do not begin to look to the future and make sure that Canadians are well taken care of after they have spent so much of their lives contributing to Canada's growth, then we do not succeed as a government. We need to ensure that our current and future workers are able to have stability in their workplace, and after they retire in the future.
We need to work hard to ensure that we all succeed as Canadians. Bill C-26 is not the only way we are doing it. There are many other ways. As we know, progress is not a one-step approach, but a multi-faceted approach through our many investments in infrastructure, our CCB, and our recent assistance for our youth. We have raised the bar to bring Canada to a level that ensures we progress as a nation.
I would like to thank our Minister of Finance and the provincial and territorial ministers for their dedication to improving the lives of Canadians with this historic agreement on expanding the CPP. As stated in the Toronto Star:
The agreement...provides for the first substantive change to our national retirement scheme...The deal recognizes that the time has finally come to do something about retirement security.
I am very happy with the role our federal government has played in collaborating and working together with our provincial and territorial counterparts and our municipalities to ensure we are all on the same page, that we really understand the issues, so we can stand in the House and fight to ensure that the work we do as parliamentarians is effective and is what Canadians need.
I am very happy that here has been a lot of debate in the House and a lot of passion shown with respect to helping our seniors, not just the seniors of today but those of tomorrow, and their families.