Terence Young on Economic Action Plan 2015 Act, No. 1

Mr. Speaker, those are the undeniable facts. People understand the power of savings with compounded interest in a tax-free savings account. However, if people ever want to know what a potential Liberal budget would look like federally, all they have to do is look at the province of Ontario right now. Ontario Liberals just announced two major tax grabs, the pension tax, which would take about $2 billion out of the pockets of people and employers, and the carbon tax, which would be another $1.5 billion. Then they are going to sell off portions of Ontario Hydro to try to raise another $4.5 billion. Imagine that on a national scale and imagine—