I don't think it's the leakage. It's that people are using RRSPs for a purpose for which they are not intended, and they are getting a benefit that other Canadians are not getting. The issue is not with the MIC as a structure. The issue is with the MIC as it relates to those who are using their RRSPs. That is the problem. How does your amendment fix that problem, whereas the current legislative suggestions are not as good, in your view? How is your suggestion a better way of addressing that problem?
On November 2nd, 2011. See this statement in context.