Mr. Speaker, we currently have a Canada pension plan that is administered very well, has very low investment fees and so on. We could include an add-on to the current Canada pension plan and call it a supplementary Canada pension plan that everybody who has a social insurance number would have. If people have an extra $100 a month, instead of putting it into an RRSP they could put it into their supplementary plan. It would be capped as RRSPs are capped but there would not be a question about where their money will be invested. It would not matter if people were homemakers, farmers, self-employed or unemployed. No one wants to live on only $15,000 a year but many of our constituents live on that and, quite possibly, some of them live on less than that.
The supplementary plan is there. It would include low cost minimum fees and it would be a great investment. People would not need to worry about what may happen to the stock market tomorrow. History has shown a steady return on the Canada pension over many years. Thank God we have the Canada pension plan program and that the Liberals had the foresight to bring in that plan.