Hon. Jim Peterson (Secretary of State (International Financial Institutions), Lib.)
Mr. Speaker, we acted after 15 years of inaction. We were the government that was able to work with the provinces to put the Canada pension plan on a sustainable basis. If we had not acted, the premiums would have gone to over 14%.
None of us like tax increases, but more than anything else we have sustained the viability of the Canada pension plan and we are proud of it.
Subtopic: Canada Pension Plan