Thank you, Governor.
Mr. Tait, with respect to Telus in B.C., the government had options. It chose to ensure that there were no new trusts, and that they would kill off existing ones over four years. The result was a washout of savings of $25 billion or more.
If the government had instead put a moratorium on the creation of new trusts and had considered ways of better integrating the personal and corporate income tax systems, such as those Mr. Dancey and Governor Dodge have talked about--by refunds or whatever--and had the government announced that approach instead, would that have resulted in this incredible, huge loss to Canada's pensioners?