Mr. Speaker, when the tax-free savings account was first established, it was heralded as the best innovation in retirement savings since the RRSP, and we fulfilled a promise that we made to the Canadian people to double the tax-free savings account. I believe that it is the responsibility of government not only to help those who need help but to provide tools for those who can help themselves so that they can make sure they have adequate savings to have a comfortable retirement.
I am wondering if the parliamentary secretary could elaborate on the benefits of the increased TFSA and what it is going to mean to millions of Canadians.