With regard to government projections on the impact of inflation: (a) what is the projected impact that inflation will have on the (i) real, (ii) nominal value of income to seniors who receive payments from the Canadian Pension Plan, Guaranteed Income Supplement, and Old Age Security; (b) has the government conducted any analysis on the impact that inflation will have on seniors living on fixed incomes and, if so, what are the details, including the findings of the analysis; (c) what are the government’s projections related to the projected buying power of seniors with (i) current, (ii) projected levels of inflation annually over the duration of the next 10 years; and (d) what inflation levels did the government use in its projections related to (c)?
In the House of Commons on January 31st, 2022. See this statement in context.