Mr. Speaker, the Canada Pension Plan Investment Board has an independent mandate that is crystal clear: to serve the best interests of hard-working Canadians who have paid into it.
The board is responsible for investing CPP funds prudently in a diversified portfolio of assets to the benefit of CPP contributors and beneficiaries. This helps to ensure that the retirement funds Canadians rely on remain safe and secure. However, the Liberal leader is planning to pay for his irresponsible spending by “alternative sources of capital, such as pension funds”.
It gets worse. The Liberal leader also said of his spending schemes, “It is time for a new revenue source...”. Canadians know what that means: another tax hike from the Liberal leader. To the Liberal leader, we say hands off Canadians' pension plans.