Mr. Speaker, we know that the majority of people who have money in the tax-free savings account, apparently 60% of them who have middle and lower incomes, are contributing the full amount. I gave two very important examples. Perhaps there are a number of years where a middle-class family cannot contribute but has space and receives a small inheritance. That is one example where it is an enormous benefit. Maybe in one year the family would contribute $40,000.
I also gave another example of a middle-income single person who has made a commitment to save 10%. Making $50,000 a year and receiving a small raise, that individual would have more flexibility. Again, this is important for Canadians to do. We talk frequently about concerns regarding Canadians saving enough and this is an enormous benefit in terms of people being able to take advantage of saving their hard-earned money.