Mr. Speaker, it is my pleasure to present this income trust broken promise petition on behalf of Chris Funston of West Vancouver.
The petitioners remind the Prime Minister that he had promised never to tax income trusts, but he recklessly broke that promise by imposing a 31.5% punitive tax which permanently wiped out over $25 billion of hard-earned retirement savings of two million Canadians, particularly seniors.
The petitioners therefore call upon the government, this Conservative minority old government, to admit that the decision to tax income trusts was based on flawed methodology and incorrect assumptions, to apologize to those from whom the money came, and finally, to repeal the punitive and almost criminal tax of 31.5%.