Mr. Speaker, we know that small businesses are the big job creators in our country. We know that for every extra $1,000 in CPP payroll taxes an employee is going to pay, the employer is also going to match that contribution. Therefore, for a small business with 20 employees, that will be an additional annual cost of $20,000 directly out of its income.
If a small business is to incur that additional cost, what does the member think that will do to its ability to increase employee wages? An employee's income is already going to be reduced by $1,000 because of the CPP contributions they will have to make. Therefore, they will get no raise and will have a reduced income. Where does he think that will leave the employees?