Mr. Speaker, the problem is that rhetoric will not secure retirements.
The inadequacy of the CPP is forcing Canadians to use private and more expensive retirement savings plans. By failing to fix the CPP, the government is allowing the financial industry to fleece Canadians to the tune of $30 billion a year in fees on retirement savings. Canadians are paying a much higher rate to invest privately when they could be covered by an improved CPP.
Why will the government not give Canadians that piece of mind? Why will it not protect the hard-earned retirement savings of Canadians? Show some leadership—