Mr. Royal Galipeau (Ottawa—Orléans, CPC): Mr. Speaker, following comprehensive consultations, our government has shown that we listen to Canadians and respond in a proactive manner.

Last Tuesday, we revealed an economic action plan that effectively stimulates the economy, protects Canadians and ensures we enjoy long term prosperity even during this world financial crisis.

Can the Minister of National Revenue explain to the House the initiatives that the government has proposed to stimulate construction and encourage families to buy their first home?

Hon. Jean-Pierre Blackburn (Minister of National Revenue and Minister of State (Agriculture), CPC): Mr. Speaker, I want to thank the hon. member for Ottawa—Orléans for his good question and his interest in budget matters. We all know how important it is to stimulate the economy, and one of the ways of doing this is to help people who want to buy their first home. We are going to give them a $750 tax credit.

In addition, people can use up to $25,000 from their RRSPs to buy a home. It is interesting to note that by stimulating the economy we will be creating jobs and helping the forestry industry.