Mr. Speaker, a secret finance department analysis shows that the CPP tax hike will not only cause 40 years of economic damage but also that “raising CPP contribution rates for employers and employees will reduce workers' take-home pay and increase employers' wage bills.... Lower take-home pay could also reduce the number of hours workers are willing to work”.
Surprise. When we tax hiring and work, we get less hiring and work.
Why would the finance minister bring in a new tax that his department said would be a job killer?