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House Hansard - 60

44th Parl. 1st Sess.
April 28, 2022 10:00AM
Context: House Hansard - 60 - Apr/28/22
Mr. Doug Shipley (Barrie—Springwater—Oro-Medonte, CPC)
  • Apr/28/22 4:30:18 p.m.
  • Watch
  • Re: Bill C-8 
Madam Speaker, I have a very straightforward question. Where I come from, Barrie—Springwood—Oro-Medonte, the average price of a home is over $900,000. It is getting very tough for young people to buy their first home. In the recent budget 2022, there was a tax-free savings account set up to a maximum of $40,000. If someone hits that $40,000 in my area, they are still nowhere near being able to buy their first home. Can I maybe get an explanation as to why we are topped off at only $40,000 and how that is supposed to help people buy their first home?
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