Mr. Chair, I knew the tax free savings account had to be a good idea because when he was a Conservative, the hon. member for Halton said that this is a good idea, something he had long advocated for. So I know it is a good idea as do the Canadian Chamber of Commerce, the CD Howe Institute, the Winnipeg Free Press and the economists at BMO.
The Canadian Taxpayers Federation said:
This is an excellent policy proposal. Canada needs to reward people that save because their investments fuel economic growth and job creation.
The Canadian Federation of Independent Business said, “--the savings account, for one, that is an inspired measure”.
It is the most significant tax change with respect to savings and sheltering savings since the RRSP was brought in, in 1957. So it has been many years since then, but members opposite will observe in the next couple of years what an important tax measure this is for Canadians from coast to coast to coast, those 18 years of age or over. I sure hope they will support it when it comes to the House for a vote with Bill C-50 later this week or next week.