Mr. Speaker, in 2012, the most recent review of the CPP confirmed that it is sustainable at the current contribution rate of 9.9% of pensionable income for at least 75 years.
Expanding the CPP is not supported by everyone. In a recent study by the Canadian Federation of Independent Business, 65% of businesses said they would freeze or cut salaries; 48% said they would reduce investments in their businesses; and 42% said they would decrease the number of their employees.
Even Liberal Premier Wynne admits there are different perspectives on whether Canadians and businesses can afford to increase their contributions to the CPP in a fragile economy.