Mr. Speaker, a 70 per cent increase in mandatory Canada pension plan premiums; up to $10 billion more per year in revenue for the
government; $690 more taken off Canadian paycheques. That sounds like a tax, smells like a tax and looks like a tax, but not so according to the Minister of Finance.
In the House yesterday he said: "This is not a tax grab. It is not a tax". I would like to ask the Prime Minister whether it is really the position of the Government of Canada that Canada pension plan payments are not a payroll tax.