Thank you.
Minister, tax-free savings accounts: good idea, poorly executed. This act, Bill C-47, has to now deal with deliberate over-contributions, prohibited investments, income attributed to non-qualified investments, withdrawals of deliberate over-contributions, prohibited investments, non-qualified investments, swap transactions, related investment income, and effective prohibited asset transfer from TFSA accounts to other accounts.
Considering it was such a simple plan—a good plan—but so badly executed and having so many amendments, what have we done to make sure this never happens again, so that our tax act doesn't become even more complex than it already is?