Madam Speaker, this summer I had the privilege of talking to an accountant who manages the payroll of a number of small and medium-sized companies. When she heard about this proposed CPP increase she was very concerned that not only would it not allow firms to hire new people, but it might also, in some cases, require the layoff of some people because of the increased CPP premiums over time.
Therefore, how can it possibly be of benefit to have a few seniors earning a few more dollars in retirement when there are hundreds of thousands of jobs being lost across the country as a result by people who really need the jobs now?