Mr. Speaker, when a senior loses his or her spouse, they inherit a little bit of money and they want to hang on to that money without having to pay taxes on it. When seniors sell their home because it is too large and they want to downsize to a place they can maintain more easily, that gives them a little more money.
That is why 60% of the people who max out their tax-free savings accounts earn less than $60,000 a year. The Liberals want to raise taxes on the backs of those people.