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House Hansard - 58

44th Parl. 1st Sess.
April 26, 2022 10:00AM
Context: House Hansard - 58 - Apr/26/22
Mr. Gerald Soroka (Yellowhead, CPC)
  • Apr/26/22 3:50:52 p.m.
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Madam Speaker, I know the Liberals talked several times about this new RRSP. They talk about this program to help people who are first-time homebuyers, yet the majority of Canadians, over 50% of them, are less than $200 away every month. How does this plan actually help, when Canadians have no money to invest up to $40,000, to make sure it is a secure situation? How is this really benefiting first-time homebuyers?
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Context: House Hansard - 58 - Apr/26/22
Mr. Francis Scarpaleggia
  • Apr/26/22 3:51:25 p.m.
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Madam Speaker, by that logic we could ask how the RRSP benefits anyone or how the TFSA benefits anyone. I just said in my speech, if the member was listening, that households have higher savings than before, so if those savings can be channelled into a creative instrument such as the first-time homebuyers' savings account, I think that would help. It will not be the solution to everything, but it is part of a bigger puzzle.
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