Mr. Speaker, it depends on what one calls success in relation to a piece of legislation. PRPPs will be put out there and advertised by banks and insurance companies as the greatest saviour for Canadians. At the end of the day, success will be gauged on how many Canadians participate in the program, given that both employers and employees realize that high management fees are built into that program and that the banks and insurance companies will be able to get their management fees out of it even if the individual loses.
It will all depend on what one would call “a few Canadians”. Based on all the information I have received, I do not think there will be a huge take-up. It is a flawed piece of legislation, but there will be a few, and the member can figure out what “a few” is. Since the government talks about a billion here and there, I suppose a few could be a few thousand, but I doubt very much that there will be a huge take-up once Canadians realize that they are on the hook for huge management fees.