Mr. Speaker, I thank the member for his outstanding work as a member of the finance committee.
Canada's new government has set a new bold national goal of eliminating Canada's net debt. As we pay down Canada's national mortgage, the interest savings of reduced debt will be returned directly to Canadian taxpayers each and every year through a reduction in personal income taxes. That is our tax back guarantee.
It will give Canadians a direct stake and a direct benefit in how Canada's new government manages finances on their behalf. Less debt means less interest on debt, which will mean lower personal taxes for Canadians.