Finance committee  It's a deferral of taxes, not an absolute savings.

Finance committee  It's a—

Finance committee  The time value in deferrals is quite valuable. A significant portion of tax planning is aimed at achieving tax deferrals rather than absolute savings, so I'm not certain that a deferral represents a “nothing”.

Finance committee  Well, it would bring into income over the time horizon, $425 million—

Finance committee  If you're asking what the anticipated revenue increase is after the end of the phase-out period, you can see from the table included in the budget that it's nominal, less than $500,000 a year.

Finance committee  It's less than $500,000.

Finance committee  No. I think you still have to have a qualified investment. That's just an example of the—

Finance committee  No, I don't believe that they can.

Finance committee  I don't know that it's not possible; rather, if it happens, certain consequences arise, and you have a penalty.

Finance committee  Right, but the penalties being introduced here are different and I think in many ways stronger. If you have the advantage tax, income on a prohibited investment is subject to a 100% tax, which is very strong. I can provide a more detailed comparison, if you'd like, on the differ

Finance committee  An RDSP is set up as a trust for the benefit of a disabled individual.

Finance committee  It's tax-advantaged in the sense that it allows for the trust to have access to graduated rates that are normally only available to individuals, or natural persons, whereas trusts are typically taxed on their top marginal rate. There would be an incentive, then, for a top-rate ta

Finance committee  Yes, that's absolutely the policy, and that's—

Finance committee  That's right, and that's—

Finance committee  One example could be taking funds from the RDSP and investing them into a corporation owned by that individual. That would be a prohibited investment under the anti-avoidance rule. Thus, you could put $100 into a registered disability savings plan, to use a simple example, keep