Mr. Speaker, the whole issue of income splitting has been of huge benefit for seniors, but it really benefits those who have very high incomes. When the government talks about having income splitting for everyone as part of its next election platform, that will only benefit those in the very top elements. Those with very high incomes are the ones who will benefit. The rest of Canada will not.
The $3,400 the government likes to tout, the $3,400 people have saved in taxes, again is for a very small pocket of people who are very rich. They are the ones eligible for the various programs that split income and reduce their taxation level. The average Canadian is not entitled to any of those benefits at all.