Thank you. Sorry, your time has expired, Earl, and I've already indicated to Daryl. He knew.
I have one question I'd like to ask, and then Mr. Byrne has asked for the floor.
My question is to follow up with Vice-Chair Kramp on the tax-free savings account in 7.28. In 7.29 you note: While the analyses estimated the cost of the tax measure in the long term, they did not assess what impact it would have on the federal government’s long-term budgetary balance and public debt.
On tax-free savings accounts, first of all, not a lot of my constituents get to use them because they don't have that kind of disposable income, but that political discussion aside, for those who can—and the amount is about to be increased—if they can put in the maximum, a lot of them are going to be people who are very skilled at working the stock market too. They can buy stocks and mutual funds and all the things you could do in an RRSP. It seems to me there's the possibility that over time for very smart and fortunate people, affluent enough to put in the full amount and smart enough to invest it, those funds can grow to an enormous size. The compound interest alone could keep them going. It seems to me theoretically that those TFSAs in the future could literally contain small fortunes that could be passed on in perpetuity and not one dime in income tax would ever be spent.
Am I missing something? Am I wrong?