I have an additional question, if there's time.
My colleague Mr. Szabo introduced the subject of the tax-free savings account and the changes in Bill C-47. But I don't feel he provided an appropriate amount of time for you to elaborate on the changes that are taking place in that respect.
I'm sure Canadians are becoming aware of the fact that as a Conservative government we've cut taxes in a hundred different areas, in every form of tax that the government collects: personal, consumption, business, and excise.
The tax-free savings account was a landmark change for Canadians. I note that Peter Aceto, the chief executive officer of ING Direct Canada, is known to say:
We think TFSAs are a great gift the government has given Canadians to help them save.... It's the most important thing that's happened in that regard since RRSPs 50 years ago.
Bill C-47 does address some of the abuses that were taking place in the last year. I am wondering if you could elaborate further for the committee on what those changes are.