Finance committee  Yes, but I'm also saying that this is not an issue related to TFSA. Anyone who can find other sources of income during these two or three years can do that strategy.

Finance committee  As I said, I think looking at these specific strategies is not that instructive to get to these broad results. What we find is that for high-income individuals for instance, in order to maximize their retirement income, they would need to invest anyway in their RRSP, for instance.

Finance committee  There are none that I remember. I'm sorry.

Finance committee  Prior to changes in 2012 there was already a provision that said that charitable organizations receiving a gift from Her Majesty in right of Canada could actually qualify as donees. When these changes were modified it was just natural to take that same approach. Now this change in this budget is basically providing a bit more flexibility to recognize that when you look at a foreign organization in the context of the objective of this measure, the distinction between a charitable organization and a foreign foundation may not always be clear.

Finance committee  In 2012 the intention was to take the rules as they were and just add some conditions and have a better process around that provision, and now it's kind of a separate decision just to add a bit more flexibility.

Finance committee  There are some. I think, for instance, the Aga Khan Foundation has been on the list for many years and that could be one potentially.

Finance committee  I don't have much information on that. They are carrying out a lot of work in Middle Eastern countries—humanitarian and education. Their activities tend to be relatively broad.

Finance committee  There are none that I'm aware of.

Finance committee  We did some longer-term analysis of the fiscal implication of this measure to make sure that with baby boomers the cost would not increase significantly over the long term. There will be some slight increase in cost over the next 10 or 20 years, but then there are also some offsetting effects due to the fact that this is a deferral measure in a way; savings will end up being taxed at some point.

Finance committee  The credit is limited to $2,000; its value depends, not only on the difference itself, but also on the relative position given the function of the amount transferred and the difference in rates. A family with a moderate income can also get the $2,000 maximum. It is not just limited to families with a very high income.

Finance committee  Well, there must be a gap, but, as I was saying, the relative position counts too.

Finance committee  The objective of the credit is to reduce the differences in the amount of tax paid by couples.

Finance committee  I don't have the exact number with me, so it's approximate.

Finance committee  Could you please repeat the question?

Finance committee  We can get back with that number. I'm sorry, but I don't have that number.