Mr. Chair, 11 million Canadians are participating in the TFSA program. It is permitting them to save for their retirement, save for their kids' education, and save for a down payment on their first home.
It is overwhelmingly a benefit to low- and middle-income Canadians. Three-quarters of the people earn less than $75,000, and 60% of those who maxed out on their program earn less than $60,000 a year.