Mr. Speaker, I could not sit by and let those last comments be made without clearing the record for Canadians. I will speak slowly so the hon. member will understand me.
The premiums that are paid by Canadians into the Canada pension plan do not flow to consolidated revenues of the Government of Canada. Taxes flow to consolidated revenues of the Government of Canada. CPP premiums flow to the Canada pension plan fund.
In fact after a year and a half of consultations with the provinces of this country, an agreement was signed to establish an investment fund which would provide Canadians a better rate of return on their retirement income. The easiest thing for us would have been to do nothing, which the prior administration decided to do. But we are doing this so there will be a Canada pension plan in this country, not to engage in the kind of political rhetoric we just heard. That is a point of clarification for Canadians.