Thank you, Minister, for being here, and thanks to your officials.
One of the things that I want to talk about is the universal child care benefit. When I was younger, there was a baby bonus, and I always remember my mother putting that away into savings for my post-secondary education and that of my siblings. I was just wondering, if parents had the substance that they didn't need to use that money right away and they decided to put it away, whether they could save that $1,920 for six years and then put it in a registered education savings plan. That's bumped up by 20% by the Government of Canada, and with a 5% return, you're getting about $2,400 a year multiplied by six, and then you get into the $720 a year with the same.... We're up to about $25,000, and there are no strings attached. That can be done if the parents can afford to put that away.
Do you foresee that this is going to actually influence the number of student loans that are really needed? We're going to see this money that's going to be available to parents to put away for their children's future education.