Mr. Speaker, last week the Liberal leader said, “We’re looking at an expansion and a mandatory expansion of the CPP of the type that Kathleen Wynne put forward in Ontario.”
The Kathleen Wynne plan is the federal Liberal plan. The numbers that the Ontario government has published suggest that a worker earning just $60,000 a year would face a $1,000 pay cut, but his employer, a small business, would also have to match that $1,000 tax increase, which according to the CFIB would lead to layoffs and further wage cuts.
This would send reverberations throughout the entire economy. That is why we will never support it.