Mr. Speaker, here are three things.
First, the parliamentary secretary talked about provincial deficits on the Liberal side. Well, the Conservative Party in Newfoundland and Labrador also has a deficit that is approaching $1 billion. Let us take a look at that in perspective.
The second part is about the TFSAs. He mentioned my colleague from Markham—Unionville. The point is that what the Conservatives are doing is promising something that few people can avail themselves of. The vehicle of the TFSA, as he puts it, is used by people in the $60,000 a year range.
Here is the problem with that. Of most of these people, less than 20%, took advantage of the maximum of up to $5,000. Now, the Conservatives would increase it to $10,000, which even fewer people will take advantage of. It is not the vehicle. It is that the amount that can be invested has been increased, which few people will take advantage of.
The problem is that the Conservatives have also raised the age of eligibility of 65 to 67. That is the problem. That is a huge problem. It takes $28,000 from vulnerable individual seniors.
Here is my question. Let us talk about a contingency fund. Here is a quote from the Minister of National Defence, who sits in this House right now.
We won't be using a contingency fund. A contingency fund is there for unforeseen circumstances, like natural disasters.
The Minister of National Defence said that on January 18 of this year. Perhaps the parliamentary secretary would like to comment on that.