Mr. Speaker, every year through RRSPs many Canadians manage to put aside a small portion of their income for retirement.
This nest egg does not mean they are wealthy. But it does represent their hard work and gives them some assurance about their future. Today that nest egg is in jeopardy of being taxed because of a government which cannot find a better way to balance the budget.
Instead of encouraging Canadians to provide for themselves, taxation of RRSPs in effect says, do not earn, do not save, do not invest and do not plan for retirement.
To tax our RRSPs is to tax our future. It is a short-sighted solution that will provide for the migration of Canadians and their money out of this country.
On behalf of the constituents of Okanagan Centre I urge the government to listen to Canadians. They are tax weary and they are angry.
Today the debt of Canada stands at $532.8 billion.