Mr. Speaker, let us talk about two of the main areas of costs for families; let us talk about taxes and let us talk about housing.
The budget cuts taxes for 22 million Canadians, bringing the basic tax rate down from 15% to 14%. This is a major tax cut. It is about $5 billion a year in tax relief for Canadians, and 85% goes to the lowest income tax brackets alone.
With regard to housing, we are making the biggest investment in housing in Canadian history. We are building up the supply of homes, bringing down—