Mr. Speaker, I want to thank my colleague for his leadership with the Liberal seniors caucus.
Budget 2021 recognizes seniors' increased needs as they age. In August, we are issuing to seniors who are 75 and older as of June 2022 a one-time $500 payment and we are delivering on our commitment to increase old age security by 10% for those age 75-plus in July of 2022. We are also investing $3 billion in long-term care and $90 million over three years to launch our age well at home initiative.
Our government will always be there to support seniors.