Mr. Speaker, imagine if Canadians who volunteer to help seniors could bank hours of credit, to be redeemed in kind upon their own retirements. In other words, young people and capable adults who provide care to seniors would bank the time and then exchange it for care when they themselves are seniors. This system would provide additional social care to Canada's seniors. It is a solution that would run on time, not money. This scheme would encourage more people to provide unpaid help to seniors in Canada. By registering, they would build up a care pension, claimable in the form of care during their own retirements.
In recent years, some countries, such as Switzerland, have experimented with time banking as part of their retirement plans. I encourage my fellow parliamentarians to support such a time-bank system in Canada.