Mr. Speaker, we do want to work at the committee level to get more information.
However, like a number of organizations, including the parliamentary budget officer, we believe that the current system for the tax-free savings account, which the Conservatives brought in, becomes a drag on everyone else who cannot contribute to it. It is at their expense for those who can afford it. It is a significant tax reduction, but others pay for that tax reduction, especially in deficits when we have to borrow for that money.
It is similar to the Conservatives' economic policies where we have actually had deficits in borrowing for large corporate tax reductions. It is similar to when we brought in the HST in Canada, which cost $6 billion. We actually had to pay interest, and are paying interest, on that $6 billion. The independent commission that studied this showed that with the interest rate, it would probably be up to $8 billion in total cost. We were borrowing money to bring in a tax on Canadians.
Therefore, we support returning the tax-free savings account to its previous level and going from there, and making sure that all Canadians can enjoy it in a tax benefit or tax credit. We are borrowing this money. If we are borrowing this money, then it is unfair that all have to pay for it and only some get the benefit.