Thank you.
I'd also like to talk about the TFSA.
Again reading from your report you state:
The take-up rate for the TFSA has to date been quite strong when compared to the more well-established RRSP. It has the potential to represent a significant addition to the basket of tax-assisted savings vehicles.
You go on to say:
Before pursuing other reforms, it would be worthwhile to determine: (1) if the TFSA represents an addition to the RRSP or a substitute, (2) whether it increases net savings or merely replaces one form with another, and (3) whether it proves to be particularly attractive to certain family types for whom inadequate savings is a concern.
Would you be able to share with us some of the potential that you see for the TFSA as an increasingly important part of the retirement adequacy system for Canadians?