The discussions I've had with you earlier were around some of the challenges, the structural challenges, of the labour model when it comes to the annual limits. When the program was created in the 1980s, the RRSP deduction was $7,500 and the labour fund deduction was $5,000. The RRSP deduction today is around $22,000, I believe, and the labour fund model is still at $5,000, so the issue was in the distribution channel. Investment advisors didn't want to support the product because they didn't earn enough commission in selling it. Those were the kinds of things that I was suggesting needed to be changed.
On November 25th, 2013. See this statement in context.