Thank you, Madam Chair.
I'm going to split my time with Mr. Pearson, because he has to go early. I'll limit my questions to Professor Philipps, because I know she has to leave, and I have a series of them for Madam Lahey, but hopefully I'll ask them in the subsequent round.
Thank you, Professor Philipps, for joining us today. This is fabulous information that really makes a big difference and helps our work tremendously.
You stated earlier, with respect to the splitting.... I'll preface it with this. One of the things I have suggested a few times--not just me, but my colleagues and I--is that if we're going to do income splitting, it needs to split the actual pension, so that 50% of the pension physically actually goes into the pocket of the other spouse, which in most cases is the woman, but not in this case, which doesn't do that. For seniors—except for those who are single, of course, whom it doesn't really help—overall, is income splitting something we ought to be totally leaving alone? There are so many people that are left behind that it doesn't really help, and it is not a way to address the issue of income shortage. Could you give a broader answer to that?