Mr. Speaker, I have been in the House all day listening to the opposition promoting an increase in CPP, but I do not think they realize the cost, which is my concern.
Right now, Canadians pay, at a maximum, about $2,300 per year for CPP. The opposition members are talking about increasing this in a meaningful way. I wonder how they are going to sell this to Canadians. Are they suggesting that Canadians should pay many hundreds of dollars more or $1,000 more a year? What would happen to the take-home pay of Canadians who have commitments such as mortgages, loans and family expenses?
I believe that the NDP members are proposing to simply reduce the amount of money that Canadians can take home today to fund their scheme. I would like to ask my colleague for his comments on that.