Clause 19 effectively doubles contribution limits for the TFSA, moving it from $5,500 to $10,000 in tax year 2014. We think this is wrong-headed and have said so of course in the House. Any plan that allows the top 20% to get the majority and to get more than the 80% who are in the bottom of the income levels is something we will oppose. We think with the middle class struggling to make ends meet and huge mounting household debt, this is just a pipe dream for most Canadian families, so we're just basically concerned about any plan that leaves middle-class families paying for tax breaks for the wealthy few.
We've said this over and over again and we certainly will say it here.