Thanks, Mr. Chair.
I'd like to ask my next questions to Mr. Vaillancourt, Mr. St-Jean and Mr. Ball.
As has been pointed out, the Norshield and Cinar frauds caused massive amounts of money to be taken from Canadians, wiping out their life savings—$500 million—yet the government has done nothing to follow up on that fraud. It's really the tip of the iceberg. The Parliamentary Budget Officer has evaluated what Canadians lose every year in tax dollars at $25 billion. When we look at all the problems that Canadians are facing—lack of affordable housing, the struggle to make the transition to clean energy, the lack of safe drinking water in indigenous communities—we see that $25 billion a year could resolve so many of those issues that Canadians are having to confront.
My question is twofold. First off, what should the government be doing now to get to the bottom of the Cinar and Norshield frauds and the KPMG linkage with the Isle of Man? Second, are you in agreement that this is a massive amount—$25 billion a year—of taxpayers' money that is essentially being lost to these overseas tax havens and frauds, money that could be so important to raise the quality of life for so many Canadians?