Mr. Speaker, I thank and praise the member for her interest in the elderly people of her riding. Why? It is because they are the ones who have built this country and deserve to be treated with respect, as well as the next generation. However, in both cases, they are the big losers from this Liberal proposal. Why? It is because there is nothing for the elderly in the proposal. They are generally not earning enough revenue to get this tax break, and the next generation in her riding will have to pay for this proposal, which is creating a huge deficit of $8.9 billion over six years.
This is bad policy and really goes against what has been accomplished for our elderly over the last 10 years, like income splitting and the possibility of saving without it being taxed.