I have a question on the tax-free savings account.
We've heard a number of witnesses...and by the way, I think the premise of it is good and I did recommend to you back in April 2006, as you know, that you do this, but as a retirement vehicle. You've chosen not to do it as a retirement vehicle.
We've had a number of people testify before us that this change is pretty significant because it alters it now into a tax-avoidance device for the wealthy. People who have maxed out their RRSPs or who have sizeable pension income can now shelter this income from capital gains.
Does that concern you at all, Minister, that this could be costing the Government of Canada a significant amount down the road and only be benefiting people as a tax avoidance device?