Mr. Speaker, Saturday was the deadline for people to contribute to RRSPs, so retirement income has definitely been on the minds of Canadians.
They want to know why, though, when it comes to the Canada pension plan they have to pay more for less, 73 per cent more. They want to know why 10 per cent of their salary is only going to get them $9,000 a year through CPP when the same amount invested in the safest RRSP would get them $26,000 a year. That is nearly three times more than with the Canada pension plan.
My question is for the Prime Minister. How can he rip off young Canadians by asking them to pay more for less?