Mr. Speaker, the pooled registered pension plan system and the pension plan act will fill a very important gap. As I indicated in my remarks, 60% of Canadians do not have a workplace pension plan. This important government initiative will help to fill that policy gap. It will provide small business owners, small business employees, entrepreneurs and the self-employed with access to a retirement savings vehicle, an option they do not have today.
This is part of our government's overall concern not only for a strong and sustainable retirement income system here in Canada, but a strong and stable economic recovery as well.