Mr. Speaker, it is clear that members on this side of the House support the tax-free savings account. What we are talking about is the increase that was made last year to almost double the contribution to the tax-free savings account and whether that was a fair and proportional way to allocate those resources.
The tax-free savings account is an important savings tool. That is why we support returning it to the way it was in 2014. There is no disagreement there. It was brought into effect in 2009. In 2010, 2011, and 2012, the maximum contribution remained at $5,000. Then in 2014 it went up, based on the rate of inflation, to $5,500. We want it to go back to the 2014 level, which is fair and proportionate. We do not agree with doubling it in an election year. We do not agree with doing it for less than reasonable purposes.
I wonder if my friend would agree with me that restoring it to the 2014 level would be fair and equitable. We on this side of the House support the TFSA.