But, Mr. Speaker, we also have to emphasize the fact that a lot of people are not in favour of creating savings schemes of this kind, but instead are in favour of enhancing the Canada Pension Plan, or its Quebec equivalent, the Régime des rentes du Québec.
I would like to quote from a recent study done by the Régime des rentes du Quebec, which states:
…this quick analysis shows that there may be a significant gap in the standard of living at retirement between those with fixed benefit pension plans and those who must rely only on RRSPs, RRIFs, LIRAs and LIFs.
We can add PRPPs to that list.
There is a better way to provide for people's financial security and quality of life than by creating a program like this. It is time to take decisive action, with political courage and with specific initiatives.