Mr. Speaker, Canada pension plan premiums are payroll taxes. They are set by the federal government and the provincial governments and employees and employers have no control whatsoever. They are taxes pure and simple. This $1,300 increase in Canada pension plan premiums as announced by the Liberal government will result in a massive payroll tax increase for every working Canadian.
On May 3, 1994 the finance minister said right here in this House: "Payroll taxes are a cancer on job creation". Does the Minister of Finance believe today that payroll taxes are a cancer on job creation?