Mr. Speaker, I appreciate the advice and points of view of the hon. member of the government who is proposing this particular piece of legislation.
I want to ask a very specific question. While the member has lauded certain advantages that could be accrued from this investment initiative, are there some downsides?
Since the hon. member has indicated that he has a deep and intimate knowledge of the program his government is proposing, I would ask him if there would be any financial consequence in terms of eligibility for the guaranteed income supplement for an individual who contributes and then draws down his or her pension? Will contributions to this particular investment vehicle when paid out in the form of a pension later in life during a person's pensionable senior years be considered income? Normally, income results in a consequence in the means test for someone's eligibility for the guaranteed income supplement.
Will there be that means test? Will drawing down from that particular pension affect a person's GIS eligibility? If so, does the hon. member actually believe there is an incentive then to contribute?