Madam Speaker, the member is absolutely right. Once again, the Liberals have attacked seniors as being too rich. When seniors downsize their houses because they are too big, they turn their home equity into cash. Therefore, we wanted to ensure they had tax-free savings accounts to put that money away and grow it tax free. When a senior's spouse passes away, the inheritance should rightfully be able to go into a tax-free savings account, which is purpose-designed for lower-income people who do not have RRSPs and to ensure the resulting income is not clawed back from GIS and OAS. It is a vehicle for modest-income people and the data from Finance Canada shows overwhelmingly they are the ones who use it.
When our Liberal friends across the way attack seniors as being too rich every time they talk about tax-free savings accounts, we know that it is a little rich coming from them.