Thank you, Chair.
Thank you to all of our witnesses today. We much appreciate your attendance.
In the short time available I would like to ask questions of Professor Hulchanski and Mr. Goldstein.
My first question is for you, Professor Hulchanski. Thank you for your excellent and thoughtful report. You mentioned a number of recommendations, and my colleague, Ms. Nash, asked you about the housing debacle and the lack of spending of the federal money that's available. I won't take you back there, but I want to focus on your other recommendations, if I may.
Your first recommendation talked among other things about income splitting, saying that we should avoid income splitting and avoid the doubling of the TFSA.
Could you spend a little more time explaining why you recommend that?