John McKay at the Finance Committee

On May 26th, 2008. See this statement in context.

May 26th, 2008 / 5:05 p.m.

Liberal

John McKay Liberal Scarborough—Guildwood, ON

Yes, I would think so.

Now, if I have $1,000 or $2,000 and I have choices, I'm going to go to RRSP, RESP, or a TFSA. Why would I walk away from a tax deduction and shelter--which is your RRSP concept--or why would I walk away from a tax shelter plus grant, which is the RESP, and go to a TFSA if I have only $1,000? It doesn't really make a lot of sense.

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