I want to reassure Mr. Carney. I am not asking him to comment on the merits or appropriateness of a decision. He is here to speak to us as someone with a certain vision based on his training and experience, and we want to entrust to him one of the most important tools we have in our economy for the next seven years.
I am using a concrete case: income trusts. He made the case that income trusts lead to tax leakage and that there was a need to stop the leak.
Based on the experience since then, did that theory turn out to be accurate or has there been a realization that with foreign companies talking control of these income trusts, the tax landscape hasn't improved? This is an objective question that I'm putting to him, and not a subjective question aimed at soliciting a personal opinion.