Madam Speaker, I thank my colleague for his comments on this new savings scheme that the government has decided to allow workers to do with a negative billing option. I thought we did away with that with some of the other folks who used the negative billing option because new workers going into a place of employment gets registered and then they must opt out if they want out.
The idea that somehow this will be a pension at the end of the day for folks, I fail to fathom the logic of that when we know there are literally millions of Canadians across this land who cannot contribute any money to an RRSP, let alone anything else. All of a sudden, this is about to become something magical that will make it happen. It is not magical. It is called, “I don't have enough money to meet my daily needs and get to the end of the month as a worker, let alone invest in what might be my future when I do not even know if I will pay the rent at the end of the month or have to go to a food bank because I am working poor”.
My hon. colleague said that the Canadian Federation of Independent Business said that if we had a 1% increase in CPP it would eliminate all these jobs. It would be nice to know, and I wonder if the member does know, since the Canadian Federation of Independent Business thinks it is such a great deal, is it committed to match any moneys that employees put into that account on a compulsory basis and allow them to sign up as businesses, just like the member does?