Yes, it could be improved.
But can I draw your attention back to the comments you made regarding the fact that income tax deductions would be deferred and paid at a later time? That directly refers to our suggestion that pension income splitting is not as great as a lot of people seem to think it is. In our minds, what we see is that people who are getting those tax deductions on their RRSPs right off the bat will again be allowed to benefit when it comes to paying the tax on those, because they will split their income—supposedly with a spouse of less income—and that way, they've received a deduction upfront and get it again at the end.
We see that as a real problem; we don't think it's fair. It certainly benefits people with enough wealth to stockpile money in RRSPs, and we know they are the top earners. Something like 76% of people who have incomes of $80,000 can afford to put money into their RRSPs, and are doing so with great alacrity. But poor people are not doing that; people whose incomes are $25,000 or $30,000 are not doing that. They have hundreds of thousands of dollars of room in their RRSPs and cannot do that.