Thank you very much.
First of all, the NDP has always been a supporter of RESPs and considers them to be one way in which families can help their children pursue an education.
Perhaps I move in different circles, but the parents to whom I've spoken are having trouble contributing the maximum amount currently allowed.
From what I understand of the CESG limit and judging from the government's own statistics, Canadian families are not using the total ceiling they would have access to.
We have an understanding from the financial analyst on the cost of this proposal. It was a concern that we had because it seemed to disproportionately benefit those who were already making use of this system. Is there any way he could give an assessment on what the cost would be, given the amendment that is being proposed?
I'm still concerned that we're providing a system that disproportionately benefits certain families who can already afford this. Given that there is a limit to how much we can help students, I think we should consider how much we're going to provide to those who are already saving, for example, in comparison to students who are going to university this fall and who will have no help at all in dealing with those tuition fees. We're not looking at a grant system that would apply to students when they need it, instead of 20 years later, as this whole system seems to be focused on.
Can we get an assessment on what the financial implications are in order to know what the revenue that we're forgoing is?