I apologize for that.
There is also the matter of transparency with regard to the people who are going to put money aside. They will have to be told that it will take close to 40 years before they can count on that money.
We should also consider—and it is unfortunate that we don't take this into account in all of these discussions—that we underestimate the assets or savings that people set aside, outside of pension plans. We particularly want to direct your attention to the fact that owning a home is also a very effective way of saving for retirement and generating more savings. In this regard, the new rules that will make access to property more difficult, and are being applied more and more frequently, run precisely counter to the ultimate objective of this bill, that is to say to encourage savings for later.
We feel that other tools exist, such as owning property. That said, we understand that there are issues in some regions of Canada. In Quebec, however, that is really not the case. Consequently, any measure that makes ownership more difficult for Quebec citizens is going to slow down investments in housing that could be used for savings at a certain point in their lives.
My last point is the adjustment for Quebec. All things being equal, we really want to encourage all of the groups to consider the fact that in Quebec, we are already paying more, in percentage terms, to defray the costs of the Quebec Pension Plan, for various specific reasons. Increasing that expenditure would affect the citizens and employers of Quebec even more.
Thank you, Mr. Chair.