Mr. Chair, our government understands the importance of a secure and dignified retirement for people who have worked so hard to build this country. We have lowered taxes and brought forward new incentives for Canadians to save for retirement, including pension income splitting for seniors, pooled registered pension plans, and tax-free savings accounts, and launched consultations on a new target benefit pension plan.
Since 2008, about $2.8 billion in annual tax relief has been provided to seniors and pensioners, including increasing the age credit, the pension income credit—