Thank you.
One of the measures we have seen has had increasing importance. It was more or less dormant for maybe 15 years. The last time it was a significant issue was with inflation and after COVID. A former colleague of mine, Marty Morantz, raised the issue. Because of the amount of printing that went on during the COVID era, we would have inflation. Many people said he was wrong.
At that time the former Prime Minister, finance minister, and even the former Bank of Canada governor and current Bank of Canada governor, Tiff Macklem, said that inflation would be low for long. That proved to be untrue. Inflation has been proven to have a huge impact on the wealth of Canadians. It will also have a big impact on the CPP.
As has been a theme of Conservatives throughout the review of this clause-by-clause study, we would like to work with the government for greater disclosure and more transparency.
I would propose the following subamendment, which seeks to do just that. It demonstrates the impact of inflation on the CPP so that Canadians have a good view of it.
I move that the amendment be amended by adding after proposed subsection 43.1(1) the following:
(1.1) The report prepared under subsection (1) and the report prepared under subsection (3) must include projected Canada Pension Plan assets in both nominal and inflation-adjusted dollars and must include, to the extent that the information is available, projected assets per contributor and projected assets per beneficiary.