Thank you, Mr. Chair.
Thank you to all our witnesses for being here today.
I'm going to focus a bit on income splitting, because it seemed to touch a number of the pieces of testimony from our witnesses today.
The PBO recently indicated that they anticipate the next federal budget to be in the order of somewhere around $10 billion, and that seems to be in line with many other estimates that we see. Income splitting, if we believe in the one taxpayer model, which we all do and the current government does as well, will be in the order of a $5-billion program, give or take, between the feds and the provinces.
What was interesting in the PBO report was that the actual surplus—that is, not one-time assets that are being sold, or taking from the EI fund. I'm not sure what Mr. Adler called it....
What did the Liberals do?