I was hoping to obtain an answer because I did not get one from the Minister of Citizenship and Immigration.
Switching over to something that is international in scope, the Canada-United States enhanced tax information exchange agreement implementation act, which we tend to call FATCA, is in the budget implementation bill, Bill C-31, at this point.
I would like to ask a question. Of course, it deals with the fact that we are going to be helping the United States, specifically the Internal Revenue Service,with information so that they can collect taxes from close to one million dual nationals in this country, I believe, who happen to be Canadian and American. This will very clearly involve Canada spending quite a bit of money to accomplish this, whether it's in the financial institutions themselves or through the CRA.
I would like to ask you, Minister Baird, why it is that Canada is accepting to do this at the cost of hundreds of millions of dollars. What is in it for Canada to help in this particular case—and possibly there may even be privacy issues—to help the United States Internal Revenue Service collect tax from Canadians with dual citizenship?