Mr. Speaker, the member raises an important question about capital gains taxes.
The tax-free savings account is probably the most significant tax change in Canadian public life since the RRSP. Almost five million accounts have been opened now. I encourage Canadians to open tax-free savings accounts. Over time they will have the effect of virtually eliminating taxation of capital gains when they are used by Canadians.
I am pleased to see so many Canadians taking advantage of tax-free savings accounts.