Mr. Chair, again, we have said that this government does not believe now is the time to increase contribution levels on CPP. As we have travelled around the country, Canadians have not asked for increased payroll taxes. In fact, Canadians have said they believe it is important that they keep more money in their pockets. We believe that Canadians cannot afford higher payroll taxes. The economy still being in a fragile recovery, now is not the time to consider it.
We have very strong pension and retirement security programs here in Canada. We have brought forward measures like pension income splitting and pooled registered pension plans for the 60% of Canadians who do not have a workplace pension plan. We brought forward the tax-free savings account, so that Canadians can save more for their retirement. We are pleased to say that now more than nine million Canadians have invested in the tax-free savings accounts.
We have also done other things to help with pensions. We have brought forward consultations on a new target benefit plan, and we are excited about the possibility of new plans even tomorrow.