There are a number of ways in which we have addressed the issue of fairness. I mentioned how the fishing industry benefits.
Bill C-43 reflects our government's ongoing commitment to improving fairness and integrity in the system and to ensuring that everyone pays their fair share. This includes a package of actions to address aggressive tax avoidance by multinational enterprises.
A well-functioning tax system is essential to keeping Canada positioned as an attractive place to work, invest, and do business, so efforts to ensure the integrity of the system also benefit provincial governments by protecting provincial revenues on our shared tax basis.
Specifically the bill will eliminate a graduated-rate taxation for trusts and certain estates. It will better target income tax rules relating to non-resident trusts. It will protect the tax base by preventing the shifting of certain Canadian source income to no- or low-tax jurisdictions. It will adjust the policy that encourages the exchange of tax information, and it will add new conditions for qualifying under the regulated foreign financial institution tax rules.
Since we have been in government, we have introduced over 85 measures to improve the integrity of the tax system.