Mr. Speaker, in his last comment, the member illustrated the difference between our government's thinking and the thinking of the opposition. He said it was using government money, public money. This is not government money. This is the money of taxpayers themselves.
The opposition likes to bemoan the fact that Canadians have a fairly low savings rate and high personal debt. Here is a program that actually incentivizes people to save money.
Just last weekend, the Liberal member for Markham—Unionville, who is one of the Liberal finance critics, stated that they agree with the tax-free savings account. They think it is actually a good vehicle for incentivizing people to save money. They just do not think it should be increased over the current status quo.
There seems to be some confusion on the opposition benches as to whether or not they think this is a good idea. However, 11 million people are taking advantage of this, and that is new money that is accumulating capital growth, tax free. It is a pool of capital that is available to Canadian businesses for investment in job creation going forward. It is a great thing for Canadians, and 11 million people would not be doing it if it was not a good idea.