Mr. Speaker, the member badly mischaracterizes Bill C-2. I am happy to remind him that Bill C-2 was in fact an omnibus measure that had multiple different elements to it. I proudly voted against it because it reduced the amount Canadians could put into tax-free savings accounts. The government attacked middle-income Canadians by reducing the amount they could save.
My friends across the way have clearly not looked at the data about who uses tax-free savings accounts. Tax-free savings accounts are demonstrably the preferred savings vehicle for middle-income Canadians, not the ultra rich, because of their tax treatment relative to RRSPs. Generally, for middle-income Canadians, TFSAs have relatively more advantageous tax implications compared to RRSPs. That is why those who open them and put money into them tend to disproportionately be middle-income Canadians.
The government's fundamental opposition and attack on the tax-free savings account was worth voting against. I will vote against the government's tax increases every step of the way.