By Staff
June 14th, 2016
BURLINGTON, ON
It was Question Period in the House of Commons and Lisa Raitt wanted to make a point about pensions and what they did do to one’s wallet.
Mr. Speaker, next week the Minister of Finance is going to meet with his counterparts in the provinces and territories to sell them on his CPP scheme which would tax the average worker an extra $3,000 per year. This new payroll tax would kill 130,000 jobs in our country and it would permanently and significantly lower wages for our young people especially.
How does the Minister of Finance expect Canadian workers to save, start a family, or buy a home when he is increasing their taxes?
A few minutes later Raitt followed up with:
Conservative MP Lisa Raitt asks a question during question period in the House of Commons on Parliament Hill in Ottawa. Photo courtesy THE CANADIAN PRESS/Sean Kilpatrick
Mr. Speaker, Canadians are rightly concerned. The impact of a fourth CPP expansion is going to be on their wallets.
The Minister of Finance has stated that a CPP expansion would be putting too many eggs in one basket. He also said that increasing the CPP would practically take the private sector out of the pension business.
My question is again for the Minister of Finance. Will he just abandon this ill-conceived scheme because it would unfairly target Canadian workers?
Ms Raitt makes no mention of the pretty healthy pension benefit program Members of the House of Commons have given themselves – which comes out of the very same wallets she speaks of. Ms Raitt is the MP for Halton.
The boundary for the riding of Halton includes much of northern – rural Burlington.
In all fairness no MPP,MLA or MP for that matter bothers to mention the pension benefits they receive. I for one am grateful for their service to city, province and country. Lets stick to the issue at hand which is governments drilling too deeply into the pension business. We should remember how the PIIGS earned the acronym.If we add Ontario, the world’s most indebted sub-sovereign borrower, to the mix we get a new acronym, the PIIGOS.As it relates to the topic of pensions, who should we trust, ourselves, or someone who can’t get their financial house in order?