Mr. Speaker, first of all the hon. member is wrong in suggesting that the premium revenue goes into the general revenues of the government. The funds go into the special Canada pension plan fund dedicated to maintaining and securing the Canada pension plan for all Canadians.
Therefore with this legislation we are acting in the interests of all Canadians to help them have a secure, safe retirement, unlike the Reform Party which wants to submit them to the marketplace and the Bre-X investment policy.