Mr. Speaker, I thank the member, particularly for his comments about tax-free savings accounts, which is something very important to many families and individuals in my constituency.
I want to underline a fact that seems to have been missed by the other parties in the House, which is that more than half of those who max out their tax-free savings account make less than $60,000. The response to that has been, ”Well, okay, we don't need to increase that limit.”
If people are already maxing out at $5,000, clearly they have room to put in more money. They wish to put in more, and they will put in more at the higher limit. Therefore, we already have many people under $60,000 income who are using this savings vehicle, maxing it out, and are looking for more room to save more.
I wonder if the member could comment on that particular element in terms of how this benefits people in the low-income end of things, and the importance of tax-free savings accounts as a result.