Mr. Speaker, at my town hall meetings in Edmonton East over the past year-we have had many of them-talking about these kinds of reforms, this idea has never come forward. I guess the reason that it did not is that many in society are unable to save.
I see some real discrepancies. For instance, only 14 per cent of tax filers with incomes between $10,000 and $20,000 can make RRSP contributions. How will these people be able to make the savings that are requested? There are other discrepancies as well: 70 per cent of those with incomes above $80,000 contribute to RRSPs.
How can people who earn lower incomes prepare for potential catastrophic events?