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Finance committee It was announced in the budget plan.
May 17th, 2012Committee meeting
Bruno Rodrigue
Finance committee I have no expertise in that area.
May 17th, 2012Committee meeting
Bruno Rodrigue
Finance committee Yes.
May 17th, 2012Committee meeting
Bruno Rodrigue
Finance committee As I explained before, we're here to answer questions on the proposed amendments in this bill.
May 17th, 2012Committee meeting
Bruno Rodrigue
Finance committee The Minister of Finance has already answered that question. I have no further comment.
May 17th, 2012Committee meeting
Bruno Rodrigue
Finance committee My role is to answer questions related to the proposed legislative amendments in this bill and how they're going to work. I have no further comments on the estimated savings if there are any.
May 17th, 2012Committee meeting
Bruno Rodrigue
Finance committee I'm saying that the Minister of Finance was asked that question. He answered. I have nothing else to add.
May 17th, 2012Committee meeting
Bruno Rodrigue
Finance committee I am here to provide responses to questions you may have on the proposed legislative amendments.
May 17th, 2012Committee meeting
Bruno Rodrigue
Finance committee I think the minister addressed this question when he presented to this committee, and we don't have any further comments to make on that.
May 17th, 2012Committee meeting
Bruno Rodrigue
Finance committee Just so that I better understand your question, is it on the cost of the program? I ask because we know the cost of the programs.
May 17th, 2012Committee meeting
Bruno Rodrigue
Finance committee There's no cost associated with doing that.
May 17th, 2012Committee meeting
Bruno Rodrigue
Finance committee In fact, the reason why this program is sustainable, why it will become sustainable, is that it's estimated that there will be fewer workers at the time, and also that the number of seniors will be increasing. In terms of the exact savings and the growing costs, we know that in 2030 the cost of the program will be $108 billion.
May 17th, 2012Committee meeting
Bruno Rodrigue
Finance committee Yes. The changes to the OAS program will ensure that the program remains sustainable over the long term and that it reflects demographic realities. In terms of additional information with respect to the estimated savings, the minister has addressed this question. We don't have any further comments on that, and it would be very difficult for me to provide comments or details on the content of briefings that have been prepared for the budget.
May 17th, 2012Committee meeting
Bruno Rodrigue
Finance committee Once the legislation has been tabled...this information from the Chief Actuary, the minister of HRSDC has to cause an evaluation report. At that time there will be an actuarial report on the program that will be tabled in the House of Commons. Before that, as I said, it's difficult for us to provide any additional information.
May 17th, 2012Committee meeting
Bruno Rodrigue