Mr. Speaker, the 2021 budget is great news and will make a real difference for our seniors.
We kept our promise to increase old age security for Canadians aged 75 and up. We will be giving seniors a one-time payment of $500 in August 2021 and increasing old age security by 10% in July 2022, as we promised in our platform.
We are also creating a new age well at home initiative to fund services led by community groups that help seniors at home, and we will also invest $3 billion to help the provinces and territories—