Thank you, Chair.
I'm new to this committee and this is the first time that I'm sitting in, but I do have some comments and a couple of questions I would like to ask.
First of all, my comment would be that small and medium-sized enterprises that are now tasked with the responsibility of pensions would look on this as another tax on their business. I find it very difficult as a business owner to look at this and say that it's just another imposition on a business to have to collect funds or to have to administer funds. My fear would be that small and medium-sized employers would turn to their employees and say, “You're now independent contractors, because it's easier for me to manage my business in that fashion than it is to now have to administer another fund.” I think this is something that needs to be taken into real consideration.
Mr. Yuen, I wonder if you could tell us this. What is the annual average pension contribution in Canada today?