Mr. Speaker, my colleague, who is on the finance committee with me, talked about the tax-free savings account and used derogatory language around that account.
We are not the leaders in the world on this. Britain has had it for over a decade and it has been shown to be a useful financial tool for those who have money, for those in the middle income and for low income earners.
With regard to the information that we have been receiving over the last number of days of how well this program works in England, could the member tell us why it will not work in Canada? Why will that system, which works in a country that is very similar to ours in terms of the financial break-out and the ability to have financial tools, not work in Canada?