Mr. Speaker, I would like to quickly ask my hon. colleague this. Most income earners, when they are starting out in their lives, are at their lowest point of income earnings, for example, under $45,000 if they are single, and they might not be able to save money. It does not make financial sense for them to put money into an RRSP as a tax deferral at that particular time.
Therefore, I would like to ask my colleague this. Does the tax-free savings account allow younger people or people starting out in their careers an opportunity to put money into an account where it is tax sheltered until they get into a high-income earning position where contributing to an RRSP makes more sense because they would get a bigger tax break at that tax bracket? I wonder if my hon. colleague could, through his financial experience, enlighten the Liberal Party across the way on how, if we empower people to look after themselves, it means fewer people the government has to look after.