Mr. Speaker, we have been working very hard to improve Canadians' retirement security. Let us just go over some of the things that have been done.
We cut taxes for seniors and pensioners by over $2 billion annually. That includes pension income splitting. We reformed the framework governing federally regulated pensions to better protect pensioners. We are working with the provinces. We studied proposals and we are going to make further improvements. Now, with them, we are working on the introduction of the new pooled registered pension plan. The PRPPs will provide low-cost pension plans to millions of people who never had a pension before.