Mr. Speaker, I would like to thank the member for Vaughan—Woodbridge for his excellent question.
This historic agreement in principle will help Canadians to be better off by boosting the amount they will receive from the Canada pension plan by about 50%. Currently, one in four Canadian families are not saving enough for retirement. Something has to be done.
On Tuesday we received confirmation from British Columbia that it supports a stronger CPP. Today our government tabled legislation that would make these changes law.
We are proud to support Canadians at every stage of their lives, and we will continue that as a priority.