Finance committee  Thank you very much for your question. Obviously, we follow the issue of inequality very closely. There are different ways to do this, such as by looking at the distribution of income among different income groups in Canada. Over the past 40 years, there has been an increase in

Finance committee  Since our two systems are fully integrated between the CPP and our pension plan, the increased contribution to CPP is going to be offset by a decreased contribution to RPP, so my feeling is that it will be zero for the federal government.

Finance committee  Yes.

Finance committee  I'm not sure that I completely understand your question. When they retire, people will receive larger amounts under the CPP. In the end, they'll receive a greater retirement income.

Finance committee  I don't have the exact figures, but it's possible. The figures are in the backgrounder. I know the contribution rate will increase by two percentage points. It may be the case, depending on the person's salary.

Finance committee  Yes. The potential impact on the GDP and employment has been measured, and the information is in the backgrounder. I don't have the figures on savings with me, but I think we have some of those figures, along with the figures on investments. Once again, the impact will be positi

Finance committee  Yes.

Finance committee  Yes.

Finance committee  No. If a person contributes for only a few years, he'll still receive a higher pension when he retires, but on a pro-rata basis according to his contribution. Obviously, he'll receive the full amount if he has worked for 40 years. If a person contributes for five years and retire

Finance committee  Yes, but it doesn't mean that people who contribute to the plan won't receive any benefits. They'll still receive benefits even though they don't have 40 years of service.

Finance committee  In the short term, there will be some substitutions in the total savings. Retirement savings will increase. Obviously, there will be slightly less private savings and slightly more public savings to compensate, but there will be more retirement savings in total.

Finance committee  If people contribute to either their private pension plan or their registered retirement savings plan, or RRSP, they may slightly reduce their RRSP contribution because they will be contributing to the CPP. However, in the end, people will have more retirement savings.

Finance committee  Yes. We have observed that the impact will be slightly negative in the short term and positive in the long term. However, I don't have the exact figures with me.

Finance committee  Yes.

Finance committee  Yes. It was published in the backgrounder that the Department of Finance posted on the website.