Mr. Speaker, let us look at the facts on TFSAs.
There are 28 million Canadians eligible; 10 million participated, which is 38%. Of that 38%, 18% maxed the original amount. It is only 18%, yet the party opposite doubled the amount; 93% of Canadians did not benefit from the TFSA.
There was a comment that it could be a dream of future Canadians to participate in a TFSA. Has the party opposite been to a low-income priority neighbourhood? During the election, I went from door to door in these neighbourhoods. Basically next to none of the people in these neighbourhoods participated in the TFSAs.
The doubling of the TFSAs would drain government money, government resources for now and the future, and that money could be used to help low-income families, families in need.
I commend my colleague for his speech. Would the member not agree that the tax cut for the middle class would do the right thing for our economy, and that the Canada child benefit would put money back into families that need it?