Mr. Speaker, I thank my colleague for his speech.
The problem is that he claimed that this budget is for all Canadians. I remind the member that the maximum RRSP deduction is $21,000; the TFSA limit is now $10,000; the RESP limit is $5,000; and the deduction for sports and arts is $2,000. That is a total of $38,000, yet 90% of Canadians do not have $38,000 of net income. For someone to take advantage of that $38,000 in tax breaks and to still have the means to pay rent and buy groceries—which are kind of important—they would have to earn over $150,000. Just 2% to 3% of Canadians earn that amount. When the government brings in such big tax breaks, they benefit just 2% to 3% of Canadians. Another example is income splitting, which is also not designed for the vast majority of Canadians.
Could my colleague explain why the government wants us to go without this money now and to leave our grandchildren with a $140 billion bill? Where is the tax fairness here?