We don't have an inheritance tax in Canada.
I did make several suggestions. I'm just saying that the long game for your considerations today with respect to tax regulation and incidence of tax is to broaden the base. Broadening the base includes introducing something like an inheritance tax so that you are able to capture a little piece of what's about to move along in the next 20 years. We're going to have a huge dependency ratio issue. If you wait for 20 years to do anything about the tax base you have, you're going to be taxing the people you're also asking to support both the young and old, then. This is the moment to do this.
I did indicate, I think I got out, that I was hoping we could cap lifetime contributions as well as the tax-sheltered assets and tax-free savings accounts, which were introduced in January 2009 and on full maturity will be a huge leakage in the good ship government.
I also had a recommendation about eliminating deductions for stock options and capital gains. You could tighten tax expenditures for scientific research and experimental development.
Most importantly, you can broaden the base by enforcing the base more rigorously. I tried to make the point that our ability to enforce is being tapped out in favour of reducing red tape. If we ever needed compliance with tax regulations, now is the time.