Mr. Speaker, I thank the Parliamentary Secretary to the Minister of Justice for his speech.
I would like to talk about TFSAs. As we know, the Conservatives do not seem to know what they are trying to accomplish with this measure. We saw that at the Standing Committee on Finance. The assistant parliamentary budget officer, Mostafa Askari, said:
...there is no indication that the amount of money that has gone to TFSAs is actually new savings. It's very likely that most of it is the money that was saved in other instruments and had been transferred to a TFSA.
Mr. Askari showed that tax sheltering TFSAs did not result in new savings.
Why is he okay with billions of dollars in public money being thrown out the window when this mechanism is not even leading to new savings?