Mr. Speaker, I would like to congratulate the member for Sherbrooke. A few days ago, he was named the youngest finance critic in the history of the House of Commons. Well done. He was chosen as finance critic because of his knowledge and because he works so hard, not only for the people of Sherbrooke, but for all Canadians. I congratulate the member. He fully deserves this position.
He asked a very good question. With regard to RRSPs, young people right now are trying to pay off their student loans, because the previous Conservative government and the current Liberal government have been refusing to help them for years. These governments decided it was more important to take care of CEOs and big corporations, cut taxes across the board, sign treaties with tax havens and create tax loopholes. Now students are paying the price.
Student loan debt has reached astronomical levels and is incredibly hard to pay off. The young people who are working to pay off these student loans are now being forced to take money out of their RRSPs, if they have one, to buy a home. However, they do not have any money to set aside for RRSPs, because they are still paying off the debt imposed by the Liberal government and the previous Conservative government.
The fact that the government's solution is to tell young people to just take money out of their RRSPs shows how out of touch this government is with the everyday reality of Canadians.
I think Canadians will teach this government a lesson on October 21.