Mr. Speaker, I am pleased to present this petition on labour-sponsored funds, which, as we know, are often used as a primary tool for saving for retirement.
The middle class also uses labour-sponsored funds to save. These funds invest in small and medium-sized businesses, create jobs and spur economic development. The petitioners are calling on the government to take all necessary steps to reverse its decision to eliminate the 15% federal tax credit granted to people who invest in labour-sponsored funds, as announced in the budget on March 21, 2013.