Madam Speaker, with all due respect to my colleague, this is not a tax. This is in fact a pension.
What we are suggesting is that over time, gradually giving people time to prepare, the Canada pension plan should be increased. It is by far the most effective and most consistent form of pension in our country.
The Ontario Liberal government in 2007 reacted exactly the same way when it was suggested that the minimum wage in Ontario should go from $7.00 to over $10.00. It said that businesses would fail, that it would be a huge burden on businesses to raise the minimum wage. That was not the case. It did not happen.
The kind of fear-mongering that goes on when we talk about this as a tax, which it is not, when we talk about this as somehow harmful to business is wrong and has the same illogic as suggesting that the minimum wage in Ontario would kill business, which it did not do, and which eventually the Liberal government adopted.