Mr. Speaker, we have heard the parliamentary budget officer referred to many times in this House today. I would like to note that, with respect to the TFSA, the PBO reviewed the previous government's doubling of contribution limits to this savings vehicle and noted that it primarily benefited well-off Canadians and made the tax break “much more regressive”:
By 2060, gains for high wealth households project to be twice the median and ten times that of low-wealth households.
I would like to ask my friend how this measure would play a role in bringing fairness to our tax system and how this measure could in fact help the middle class.