This analysis is simplistic because it assumes the extra burden on low income Canadians will not result in compensating changes. In fact, it will increase the threshold for the 'living wage' which should prompt increases in the minimum wage. 

Business groups and convenience conservatives are in opposition to this change and increased minimum wages. Real conservatives believe people should take responsibility for their themselves, and that good government creates the framework where people are able to do that. Real conservatives should support the increase in CPP premiums and oppose economic policies that prop up business models that are unable to pay a living wage and impose extra costs on the taxpayer. 

Some (most?) business leaders tend to be convenience conservatives that support conservative ideals to the extent that they can personally profit from them. When conservative ideals impose responsible behaviour on them, they become convenience socialists.