Mr. Speaker, I am please to comment on this private member's bill.
First let me tell members in this House, some of whom may represent rural or agricultural ridings, that the agricultural product in my city of Mississauga happens to be homes.
When people ask what the population is of Mississauga, I generally respond by asking “What time is it”. In times of recession in this country we have experienced growth in our community in the neighbourhood of 20,000 people a year. We currently have approximately 600,000 people. Our ultimate population will be 750,000 according to our official plan. Many of those will be people moving into homes and we would call them first time homebuyers.
Frankly, anything that is done that would legitimately assist a first time homebuyer in the city of Mississauga, in the community I represent, you would think would be something we would want to support. What is really interesting when we examine this bill in particular coming as a private member's bill from a Reform Party member is that this is a spending bill. If we analyse it, it is not a tax cut at all.