Mr. Speaker, the New Democrats think that people who earn less than $60,000 a year are wealthy. That is what they are suggesting.
The people who will benefit from the increased contribution limit of the tax-free savings account are those who have already maxed it out. Two-thirds of them earn less than $60,000 a year. Maybe they had a small inheritance from a deceased family member. Maybe they are required to take the money out of their RRSP or RRIF and are therefore looking for a place to shelter it from the hands of government.
The only way they will be able to do that is by re-electing a Conservative government. The NDP would tax that money away.