Madam Speaker, it is always a privilege to rise on behalf of the residents of Kelowna—Lake Country. Today I am here to speak to Bill C-319, an act to amend the Old Age Security Act. I have spoken on this issue in the past and appreciate the opportunity to do so again.
Our seniors deserve respect. Seniors have raised families, teaching their beliefs and values; founded businesses, employing people; taught and taken care of people; volunteered; built our country; and served our country, fighting for the freedoms we have today. Time and time again, I am told remarkable stories by seniors in Kelowna—Lake Country. There are few areas of life not touched positively by our seniors. It is clear that Kelowna—Lake Country, and really all of Canada, would not be the same without the hard work of seniors and all they have contributed over their lives and still do.
Seniors are mentors and leaders in our communities. That is why it is so unacceptable that seniors are facing the challenges they currently are. I have talked to many seniors who are very stressed and concerned. The cost of living has ballooned after nine years of the Liberal Prime Minister, causing seniors to struggle like never before just to pay for basic necessities.
Seniors in my community have reached out about how they are struggling to pay their heating bill. Many have sent me pictures of their heating bill, which includes the carbon tax. The minimum amount for the tax is set by the federal government, and the government is increasing it every year to be on track to increase it to 61¢ per litre.
Local seniors have also commented on how GST is being charged on top of the home heating carbon tax, which is a tax on a tax. This is wrong. A resident, Grant, wrote to me about his heating bill and all the taxes. He said that he used $50.18 worth of gas, yet owed $316.65. He then went on to say that he has worked since he was 12 years old, non-stop, and has paid his fair share of taxes.
I have talked to retirees who have had to go back to work and who feel sad that they cannot spend as much time volunteering or cannot donate as much to their favourite charities as they used to. I hear from seniors who are afraid to walk around their own neighbourhood that they have lived in for many years due to crime and concerns over their safety. I have talked to many seniors who are worried about their adult children making their mortgage payment and about their grandchildren who will have a tough time ever owing their own home.
Seniors have reached out to me who were just about to retire, and because of the Liberal capital gains tax increases, they have told me they will have to work longer. Seniors who are looking to retire on modest savings are finding that this is no longer possible in Canada, especially with the new Liberal tax changes. It is untenable that seniors are finding themselves priced out of the country they have built.
Here is the situation of many seniors: They worked their whole life providing for their family and contributing to this country. They have contributed economically through their job and through creating businesses. They have raised a family and volunteered in their community. They have contributed by being a good citizen by following the rules. They have saved for their retirement. However, now the golden years for many have melted away. This is not the reality that seniors deserve, yet it is the one that many of them face due to the Liberal Prime Minister and his partners in the NDP, the costly government.
Many seniors in my community struggle to make ends meet, and many are forced to choose between paying for necessities such as food and medication. One senior reached out to me and said that there is absolutely no hope for those on fixed and low income as they are being taxed to death, literally. The senior went on to say that every time they go to the grocery store, prices are going up. A senior couple from Kelowna—Lake Country reached out to me to say that living on their pensions is becoming harder and harder all the time.
This is a result of the reckless, inflationary spending of the Liberal Prime Minister, who is propped up by his partners in the NDP and, now, apparently also the Bloc.
Liberal policies have led to record inflation, with millions of Canadians now struggling to simply keep their heads above water. The standard of living continues to drop in Canada, which has experienced the worst decline in per-person income out of all the G7 countries over the last five years. Seniors on a fixed income are uniquely at risk from inflation, as fixed incomes are unable to keep up with the cost of living, which keeps growing because of all the increased spending.
It is not just in my own community that seniors are struggling, but across Canada. According to the Salvation Army, 75% of Canadians currently face challenges managing limited financial resources. Moreover, 25% of Canadians continue to be extremely concerned about having enough income to cover their basic needs, such as food and shelter. Not all seniors have paid off their mortgages, and this has led to even more stresses. The Bank of Canada recently confirmed that Canadians will see a steep jump in payments as millions of Canadians renew their mortgages over the next two years. This is just one more area in which seniors, especially those on fixed incomes, are struggling.
This legislation provides equity for all seniors, ensuring that old age security is available to those between 65 and 74 years old. Seniors aged 65 to 74 should not be treated differently than seniors 75 or older, something that has occurred under the Liberal government. As such, Conservatives support this measure as part of the legislation.
The legislation also serves to safeguard seniors from potential clawbacks within the guaranteed income supplement. It seeks to increase the exemption amount for employment income that is taken into account for eligibility. Increasing the GIS earnings exemption would minimize some of the clawbacks seniors may experience. Seniors should be able to continue to work or go back to work, if they choose to and are able to, without the loss of federal retirement GIS. Especially considering that rising inflation has had a disproportionate impact on seniors, they should not be penalized for working if they choose to and want to.
To be clear, however, I must say that the legislation will not fix the cost of living crisis or the devastating situation caused by the Liberal government. Conservatives will continue to focus on fixing the budget to get the government spending under control, as well as axing the tax and stopping the tax increases during this unprecedented cost of living crisis, which has affected seniors in my community and communities across the country.
In stopping the broken policies of the Liberals, along with their NDP and Bloc partners, common-sense Conservatives will bring back the promise of Canada: If one works hard, one should be able to get ahead and live and retire in a safe community.