Mr. Speaker, I have two questions for my colleague concerning her excellent speech. Various people have said that the program provided for in Bill C-25 would be adapted to local conditions, and that nothing else can be done with respect to the Canada pension plan.
There are a lot of optional programs available that offer financial and tax incentives, such as RRSPs, group RRSPs, TFSAs and so on. The government can increase CPP contributions for all Canadians, but when it comes to RRSPs, for example, only 30% of Canadians contribute. Despite tax incentives, 70% of Canadians do not have the means to invest. Forty per cent of Canadians invest in TFSAs, but half of those investors earn over $100,000 per year. Very few Canadians earning less than $100,000 have been motivated to invest.
Will the voluntary participation plan provided for in Bill C-25 solve the problem of the 12 million Canadians who do not have workplace pension plans?