Good morning. Thank you for joining us today.
To govern is to make choices. I won't tell you how to do your job; instead, I'm going to come back to the TFSA.
Earlier, you brought up a new point, at least one I hadn't thought of. Ever since the TFSA program was introduced, we haven't really seen a meaningful increase in the amount of money Canadians are saving. In fact, the focus has shifted to non-taxable savings. The program will apparently cost us billions upon billions of dollars, when all is said and done. The fact of the matter is that it isn't making Canadians save more money, but it is costing us in tax revenue.
Is that a correct assessment of the situation? Could you give us more details on that?