What we have before us is a dichotomy. Of course, on the one hand, there's likely an increase in contributions expected as result of deductibility. On the other hand, there's the argument about the class warfare issue here. The additional benefit to be derived by the families that can take advantage of this deductibility is also indisputable.
So you have a revenue loss on the one hand, which is natural as a result of a higher savings rate toward post-secondary education. There's a benefit and an advantage to be derived from the additional contributions. There's a revenue loss as a consequence of the over-contributions. This is a natural consequence of increasing the contribution.
What is at issue here, however, is Mr. St-Cyr's amendment. Mr. St-Cyr's amendment proposes to limit said contributions to $4,000 or $5,000 a year. Madame Savoie has made comments addressing this issue. It will limit the additional advantages that some families might derive under Mr. McTeague's proposal, but not eliminate them entirely. That's what Mr. St-Cyr is after.
We'll continue with the discussion. Mr. McKay.