Mr. Speaker, I do not understand how the Liberal Party can conclude that a senior who earns under $60,000 is rich. It is pretty rich coming from the Liberal Party, which wants to raise taxes on those seniors.
This is how it works. When seniors take money out of their RRSP, they put it into tax-free savings accounts. They have a nest egg they can use to draw income to pay the monthly bills. We want to take taxes off that nest egg. That is what the tax free savings accounts do. They give most of the benefits to people earning less than $60,000 a year, people on whom the Liberals would raise taxes.