Mr. Speaker, we need to understand that this would be an additional vehicle in order to support those who are planning their retirement. This would be an additional way that those who are self-employed or who work for companies that do not have pension plans could participate in a pension plan.
We have continued to work with the provinces in terms of the CPP, as all Canadians expect us to do. Right now that plan appears to be viable for the long run. The opposition has suggested that we double the contributions. We all know the impact that would have on the economy and on growth.
This is a very positive development. I cannot see why the opposition would oppose this. There are other things that can be done but this is another positive development for those who are planning their retirement.