Mr. Speaker, the hon. member briefly referred to CPP tax increases. He knows that the funds invested by Canadians through their premiums in the Canada pension plan are segregated funds. They are not government money for spending. They are there for the benefit of Canadians in terms of their future pensions.
As we all know, with the baby boomer demographics today we have something like five workers for every one retiree. With the large number of baby boomers who will be retiring we will be reducing that number to three workers for every retiree. Less workers will be required to fund the Canada pension plan.
Would the hon. member prefer to scrap the CPP and leave everybody to fend for themselves at retirement, or does he support the amendments made to the Canada pension plan, including increasing the premiums over a period of time to ensure it is there for all Canadians?