Mr. Speaker, tax season is approaching, and the tax-free savings account is another example of our Conservative government fulfilling its promise to keep taxes low. It is a way for Canadians to save for retirement, their kids' education, or a down payment on a house.
We are proud that 11 million Canadians of all ages and income levels have opened an account allowing them to save tax free.
According to CARP, TFSAs have particular value for retirees who can no longer contribute to RRSPs, and for lower income earners who do not benefit as much from tax deductable RRSP contributions.
However, the NDP voted against the tax-free savings account, and the Liberal leader wants Canadians to pay more taxes. Perhaps he does not understand that ordinary Canadians cannot rely on a big trust fund.
The facts are clear. Only our Conservative government can be trusted to keep taxes low.