Mr. Speaker, I appreciate the comments made by my friend and colleague.
The one thing I would like him to comment on is the inconsistency that we have consistently heard, if putting it that way makes sense, from the Liberals opposite in government. They have stated on many occasions that the TFSAs only benefit the wealthy and the affluent.
We have heard that before. We heard it when we made cuts to the GST from 7% to 6% to 5%. They said that it would only help the really wealthy because only they could afford these big ticket item purchases, when in fact it was just the opposite. The GST reduction primarily helped lower-income people, because almost their entire income is used to purchase goods and services. If we can cut the tax on the goods and services that the lower-income people have to purchase by 20%, that is a huge savings.
Could my colleague please comment, then, if there is any correlation between lower-income people and middle-income people benefiting from a TFSA, or is it, as the Liberals suggest, only for the wealthy?