Mr. Speaker, we increased the pension income credit for the first time ever in budget 2006. We not only increased it, we doubled it from $1,000 to $2,000, benefiting seniors across Canada.
I understand the concern of the member on the issue of income splitting, which is a significant issue. It would affect the entire income tax system, which is based, as members know, on the individual. However, it is worthy of study and we are reviewing it.