Thank you.
There are a couple of minutes left. I want to follow up on this and then on a RRIF question.
The budget itself says, “As of the end of 2013, nearly 11 million individuals had opened a TFSA and the total value of assets held...was nearly $120 billion.” It also says that it's “a popular means of saving for Canadians at all income levels”. As well, it says, “Individuals with annual incomes of less than $80,000 accounted for more than 80 per cent of all TFSA holders and about 75 per cent of TFSA assets as of the end of 2013.”
I'm a little puzzled at the responses to the questions, because this and the other evidence that the department presented in the budget itself is evidence that the TFSA is in fact encouraging Canadians to save more for their retirement or other issues. The budget itself talks about the link between the TFSA and seniors.
Maybe I'll give you an opportunity to respond again, Mr. Jovanovic.