Madam Speaker, the hon. member across the aisle mentioned income splitting for families as a measure that helps Canadians who need it the most. However, in March of last year, the Parliamentary Budget Office declared that income splitting for families would only benefit 15% of Canadians, those who needed it the least.
He also mentioned the TFSA and that he had millennials tell him how the reduction in contributions would affect them. I do not know many millennials who contribute $10,000 a year to their TFSAs. In fact, I do not know of any.
How many of his constituents would have been helped by income splitting for families when the parliamentary budget officer stated clearly that it would only benefit 15% of the richest Canadians?