Mr. Speaker, we believe it is critically important that we are open and transparent with Canadians. We also believe it is very important that we help Canadians understand their tax situation. Therefore, in introducing this measure early, we enabled people to have a good understanding of what their 2016 tax situation is.
Tax reductions start at the beginning of the year. This allows employers to actually manage their deduction process.
Tax-free savings accounts start at the beginning of the year. This allows people to plan for their financial situation.
We believe it was critically important to get this out so that people could understand their position and plan accordingly.