Thank you very much, Mr. Chair.
And again, thank you all for being here and for your presentations.
My first question is for the Investment Industry Association of Canada, specifically to your second recommendation, to increase the contributions and deposit maximum limits for RRSPs and TFSAs.
In this past year, as we've studied retirement income security, I have come to understand that these vehicles are not being utilized by Canadians to the extent that we'd like them to be. I surmise from this recommendation that you believe that increasing the maximum limits would further incent Canadians to take advantage of them.
Is that correct, and why do you believe it?