Mr. Speaker, I thank the hon. member for his question. I certainly acknowledge the extensive work the hon. member did with respect to advocacy on the issue of income splitting for pensioners in Canada.
That policy is now going forward. It is a major change in tax policy in Canada. There is special reason to make the change with respect to pensioners, to encourage investment and savings for retirement through pension vehicles.
I understand the principle that the member speaks about and certainly it is worthy of further study, as are other tax measures.