Mr. Speaker, today our government announced that starting on January 1 of 2013, Canadians can contribute $500 more into their tax-free savings accounts, bringing it up to a $5,500 annual contribution. The tax-free savings accounts have been tremendously successful. In fact, over eight million Canadians have now opened those accounts.
This is an extension of our low-tax agenda directly opposing the high-tax agenda of the NDP. It is good to note that the NDP actually voted against the tax-free savings account.