Mr. Speaker, the average Canadian boomer now near retirement is more than $400,000 short of what they need to take care of themselves. Canada has a retirement income crisis.
The Canadian Association of Retired Persons says that the voluntary approach has not worked. Sixty percent of Canadians want the Canada pension plan to be expanded, like Jim Flaherty recommended. Fragmented, optional schemes, mostly designed for tax planning, simply do not get the job done.
Why does the Conservative government keep insisting on failure?