Mr. Speaker, Canada has to deal with an aging population. Right now, there are four workers investing in pension plans for every pensioner. However, in 20 years, there will be only two workers for every pensioner.
The actuarial tables show this. We need to plan for the future.
Seniors today are not being threatened by anything that is being proposed, but the opposition is recommending that we do nothing.
If we do nothing, it will cost taxpayers a lot more to pay for the benefits they want to have. Who will pay for that? Businesses, through higher taxes? What exactly are these businesses? Businesses are the pension funds. Who should pay for these additional costs?