Mr. Speaker, it will have the opposite effect. Small businesses are the ones with the least ability to provide adequate pension or retirement programs and plans for their employees. It is exactly for those type of employees that this new enhancement will be of the most benefit and provide the most security, because it is the small employers who are not necessarily able to provide company retirement pension plans. Therefore, it is even more paramount that we adequately secure the retirement of employees who are working in small businesses. This enhancement will come at a very low cost and help small businesses secure employment for their employees, secure retirement for them, and provide a benefit that exceeds what they were offering before. I think it is a better inducement for them to retain their employees, and I do not think there will be an adverse effect on their employment abilities.
In the House of Commons on November 29th, 2016. See this statement in context.