Mr. Speaker, our budget honours this government's commitment to increase the annual tax-free savings account contribution to $10,000. This initiative significantly benefits seniors. In fact, 70% of those who maximize their accounts are seniors.
Economic action plan 2015 also allows more choice and flexibility for seniors' retirement by relaxing the rules around withdrawals from registered retirement income funds, something the Canadian Association of Retired Persons strongly supports.
Our Conservative government will continue to stand up for seniors and middle-class families by putting more money in their pockets, but the Liberals would take this money away. They would raise taxes on middle-class families and middle-class seniors.
Our government will continue to support a low-tax plan for jobs, growth and long-term prosperity.