This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
{
"time": "2009-10-22 12:05:00",
"attribution": {
"en": "Mr. Ian Russell",
"fr": ""
},
"content": {
"en": "<p data-HoCid=\"1670623\" data-originallang=\"en\">Thank you for the question, Mr. McCallum.</p>\n<p data-HoCid=\"1670624\" data-originallang=\"en\">I guess the way I'd start my answer is to say that looking at RRSP usage, it seems to me that when we look at the aggregate numbers, you're right, a lot of Canadians are not using RRSPs the way one would anticipate. But if you look at it across different income strata, particularly for middle income Canadians, you find that those Canadians are hamstrung. They don't have enough room under the tax-assisted plan to save adequate savings to fund the lifestyle they're now enjoying and would want in their retirement years. </p>\n<p data-HoCid=\"1670625\" data-originallang=\"en\">I think the problem here has been that those Canadians have accumulated significant savings under those ceilings. The lifetime target might not necessarily alleviate.... In other words, it would be nice to say that we would raise that ceiling to the levels it's been in the U.K., for example, where it's at a significantly higher level than we have in Canada. But in addition to the size, what it would do is give flexibility to Canadians, I think, in circumstances where they've lost money.</p>",
"fr": "<p data-HoCid=\"1670623\" data-originallang=\"en\">Merci de la question, monsieur McCallum. </p>\n<p data-HoCid=\"1670624\" data-originallang=\"en\">Je crois que je commencerais pas vous r\u00e9pondre que, si on regarde les cotisations \u00e0 un REER, il me semble que, si l'on envisage les donn\u00e9es dans l'ensemble, vous avez raison, beaucoup de Canadiens ne cotisent pas autant \u00e0 leur REER qu'on l'imaginerait. Mais, si on examine diff\u00e9rentes fourchettes de revenu, en particulier les Canadiens \u00e0 revenu moyen, on constate que ces Canadiens sont impuissants. Ils n'ont pas la latitude, sous le r\u00e9gime d'aide fiscale, pour \u00e9pargner suffisamment pour maintenir leur train de vie actuelle \u00e0 la retraite. </p>\n<p data-HoCid=\"1670625\" data-originallang=\"en\">Le probl\u00e8me, selon moi, c'est que ces Canadiens ont amass\u00e9 des \u00e9conomies consid\u00e9rables sous ces plafonds. L'objectif \u00e0 vie n'att\u00e9nue peut-\u00eatre pas n\u00e9cessairement... Autrement dit, il serait souhaitable d'\u00e9lever ce plafond au niveau de celui du Royaume-Uni, par exemple, qui est consid\u00e9rablement plus \u00e9lev\u00e9 que celui du Canada. Mais, outre la hauteur du plafond, cette mesure permettrait aux Canadiens de profiter d'une certaine souplesse, \u00e0 mon avis, dans les cas o\u00f9 ils ont perdu de l'argent. </p>"
},
"url": "/committees/finance/40-2/54/ian-russell-2/",
"politician_url": null,
"politician_membership_url": null,
"procedural": false,
"source_id": "2906195",
"document_url": "/committees/finance/40-2/54/",
"related": {
"document_speeches_url": "/speeches/?document=%2Fcommittees%2Ffinance%2F40-2%2F54%2F"
}
}