No, that's not my understanding.
Monsieur St-Cyr, I will attempt to clarify Mr. Dykstra's question on your behalf.
I believe Mr. St-Cyr is accepting the premise that there be deductibility. He is simply trying to limit the amount of deductibility by proposing these numbers. The current RESP program, of course, does not allow for tax deductibility, but rather only for tax sheltering of the money in the child's name once contributed. What Mr. St-Cyr is attempting to do is not to alter the fundamental goal of Mr. McTeague's motion, which is to allow for tax deductibility, but simply to limit the annual amount that could be deducted.
Is that correct, Mr. St-Cyr?