Mr. Speaker, I thank my colleague for his comment. Yes, I understand completely, especially since not everyone is in a position to save.
The purchasing power of the middle class is weak and is getting smaller and smaller. Costs are rising on everything, and people are struggling to make ends meet. Who can afford to put money—now up to $10,000—in a TFSA?
This certainly benefits the wealthy and puts the least fortunate at a disadvantage. Money invested in these accounts is not taxable, so this is a way for people to avoid paying taxes.
We are not opposed to saving. However, there needs to be some fairness in all of this.
I find it unfortunate that this budget once again favours the wealthy, whether we are talking about income splitting or TFSAs.
What about seniors, for example, who unfortunately did not get their fair share? What about the poor and affordable housing?
We see absolutely nothing about this in the budget.