Mr. Speaker, I agree that families are crucial to our society and, clearly, to our very survival. Families play very important economic and social roles. It goes without saying that families need our help, but every family needs help. This government’s approach is to help but a few families, and only the wealthiest families at that.
When it comes to pension income splitting, we said at the time that the program structure was all wrong. The way the program was designed was such that it benefited only a small segment of pensioners, as opposed to every pensioner.