Mr. Speaker, the second petition is signed on behalf of 29 of my constituents from the riding of Simcoe North. I note that this initiative is supported by no less than 11 associations representing up to 1.4 million retired persons.
The petitioners are asking for fairer treatment regarding income splitting. They note that other modern countries allow spouses living in the same household to pay taxes based on the total family income being equally earned. They ask Parliament to allow senior couples the option of splitting all individual retirement income for all pensions, private, superannuation and RIFFs as examples, in a manner that would equalize the taxes assessed to each spouse.