Mr. Speaker, I thank my colleague from Ahuntsic for her speech, which touched on a number of very interesting topics.
However, I cannot help but come back to the topic of TFSAs, since unfortunately, the Parliamentary Secretary to the Minister of Justice gave an unsatisfactory answer to my question.
This morning, at the Standing Committee on Finance, the Parliamentary Budget Officer's team made it clear that TFSAs essentially are not meeting the objective of encouraging people to save. On the contrary, the assistant parliamentary budget officer, Mostafa Askari, clearly stated that, unfortunately, savings are simply being transferred from another instrument to a TFSA.
As a result, the billions of dollars in public money being spent to give people a break on their taxes constitutes a net loss, since it is not resulting in additional savings.
Could my colleague speak to the government's unfortunate misuse of public money?