Mr. Speaker, it is an honour to rise in this place and represent the constituents of Crowfoot and speak on their behalf in this House of Commons.
I realize that the introduction to this will not necessarily deal immediately with the pooled registered retirement plan, but over the last couple of days here on Parliament Hill we have had some major announcements about some things that I had never heard about.
Two days ago, the Minister of Health and a couple of other ministers made an announcement about a drug known as “bath salts”, which was a negative part of the drug culture and basic culture around the world, where people, young and old, were using this new drug, and so we banned it. My point is that our government was stepping forward to protect Canadians from something that some of our young people may not have even realized at the time would be such a potent, devastating tragedy just waiting to happen.
Yesterday, we had another announcement about human trafficking where we stepped up and said that we would protect Canadians.
Our government is implementing plans across the country and across a wide scope of areas to protect Canadians. We are implementing plans to create jobs and enable small businesses to provide opportunities for retirement, which is what we are here debating today, because we want Canadians to be secure on our streets, in a job and in retirement. Bill C-25 is part of that plan.
Our Conservative government's efforts to help Canadians save for their retirement do not begin with a pooled registered pension plan. It begins with a vast number of other plans that we want to see stable and secure. We see and have heard that our CPP is stable and strong. In the 75-year projection, CPP will be very strong and it will be there when Canadians need it.
However, not always does one size fit all. Not always can we tell Canadians that only if they wait CPP will take care of them at the end of the day. I think every economist and all individuals who are trying to better their life or pass on some financial instruction to their children would encourage their children to save, not just to go out and get a job and pay into CPP, but that they look at a number of different avenues in which they can protect their retirement and have a strong retirement.
This is a modern-day effort to assist Canadians who are self-employed or who work for small firms or businesses that do not have part of a benefits package that includes a pension plan. Our intent is to help Canadians who work where there is no pension plan. Sometimes the opposition members stand back and say that we should just throw more money into CPP or we should have that wealth transfer so the wealthy can put more money into it and we will all get a bit more. The CPP is strong and maybe we can make it stronger, but there need to be more avenues than just the CPP and more avenues than just this pooled retirement pension plan.
Many constituents in my riding of Crowfoot do not have access to a pension plan. The colleague who just spoke said that 60% of Canadians do not have access to a pension plan. I live in a rural riding and I believe that is true in most rural or remote ridings in Canada.
I spoke to this bill at second reading. When I had town hall meetings, met with constituents and had satellite office days, constituents came to me and asked me about the pooled registered retirement savings plan. I explained to them that we were not trying to incorporate a mandatory plan for all Canadians. I told them that it was not another tax grab, that it was not another opportunity for the government to put more of a premium down on CPP or any one plan. I told them that this was an opportunity, if they so chose to do it, to invest in a pooled registered retirement plan.
Around our place this summer, we will have a different type of summer. My oldest child, my daughter, is getting married. With that has come all the fun things with being involved in wedding planning. For years we have sat down and talked to our children about planning for the future and about some day in the future buying a home. We have told them that even when they come right out of college they should purchase an RRSP, that they should look into all of those different avenues.
Now, as my daughter is preparing to get married, she and her fiancé have asked me to n go with them to look at a house. They are just out of college and yet they want to invest in a home. I have for years told my children that they want to buy a home with 20% to 25% down. Now my daughter is telling that, even though I always told her that it was important to have that 20% to 25% to put down, she does not have 5% to put down, which is why she needed me to look at a home. The point is that some of these lessons are learned. Our children learn that it is important to have equity in a home and that it is important to invest and prepare for the future. As a father, I want to be able to help where I can.
As a government, we also want to be able to help where we can. As a government, we want to be able to say that we will not only be satisfied with the CPP, that we will not only be satisfied with the tax-free savings account and that we will not only be satisfied with a pooled pension plan, we want people to pick and choose and perhaps invest but to prepare.
In the rural constituency that I represent there are many farmers and many agricultural based companies who do not have a pooled registered pension plan. This is one of those opportunities. I commend our government for bringing this forward. I encourage the opposition to get off the bandwagon of one-size-fits-all and to recognize that when people have a registered plan they have something to count on.
Not only do we have agriculture in Crowfoot but many people also work in the oil patch in Crowfoot. Many people today will be contracted to work for one company but in a year or two will be working for a different company. The thing I like about this plan is that people would be able to take the plan with them because it is a plan in which they invest. When they leave that company, maybe after two years, they would not need to decide whether to pull out that little chunk of money they put away in a pension plan and put it into an RRSP, which is really the only way to protect that money. There is the tax-free savings account, but to save some taxes people can invest in an RRSP.
Now, as people switch from one company to another, one job to another or one contract to another, the pooled pension plan would remain constant. Now, when they go to the next place of employment that does not provide a pension plan, they would have this tool in their toolbox. It is something they will appreciate.
I encourage the opposition to recognize that there are many Canadians with many different groups. People cannot always reach into their toolbox and pull out a hammer. We reach in and pull out the tool that best suits our needs for the job that we are doing.
We are fortunate sitting here because we have pension plans. That is the topic of discussion, as well, in my constituency. I think it is time to say that this opportunity needs to avail for all those who want to take advantage of it. Our government is providing that tool and I congratulate it.