Mr. Speaker, as I mentioned earlier, I think we have pulled the plug way too quickly on this. For most new programs, it literally can take a generation to determine whether the public picks up on them and finds success using them. Therefore, as I said earlier, this should have been given a lot more time to see whether it was successful.
It has been mentioned on many occasions that the the TFSA itself is a relatively new program. It has only been in existence for less than 10 years. The take-up, if I recall, is something like 20% of Canadians who have been putting money into a TFSA in some form or another.
As I said earlier, there is always the opportunity for those who want to take some of their income and put it into a TFSA for one of their children. One of my colleagues mentioned earlier that this was how he purchased his house. It was because he had, with the help of his family, built up a TFSA that allowed him and his wife to purchase their first home.
I think we need to give this a little more time before pulling the plug on it.