Mr. Speaker, the PRPP is designed for employees and employers of small businesses. Employers do not want the legal or administrative burden of offering a pension plan. We are helping small businesses with a red tape reduction plan and this would be easy to administer.
I have a couple of quotes from other people who also think it is a great plan.
In November, Ontario Liberal finance minister, Dwight Duncan, said that the McGuinty government supports, in principle, the federal Conservatives' PRPP proposal.
Stewart Kennedy, president of the Ontario Medical Association, said:
Ontario’s doctors and the Ontario Medical Association (OMA) commend the federal government for introducing legislation that will enable self-employed individuals to establish a pension plan.
The Canadian Chamber of Commerce said:
The Canadian Chamber of Commerce believes PRPPs--with simple and straightforward rules and processes--will give many businesses the flexibility and tools they need to help their employees save for retirement.