Mr. Speaker, the Conservatives are replacing the child tax credit with a regressive income splitting scheme. Both cost about $2 billion a year, but the child tax credit helps significantly more families. It helps single parents and it also helps families where both parents earn similar wages. The Conservatives' new income splitting scheme will leave these families out in the cold.
Why are the Conservatives scrapping the child tax credit and taking this money away from single parents just to pay for their regressive income splitting scheme?