I am surprised to hear that because in May 2013, in his report on tax fraud, Mr. James Rajotte, the MP for Edmonton—Leduc, indicated that penalties were not imposed on professionals who participated in that kind of tax evasion. Is it possible that something major has happened since 2013?
The government referred to that document when writing its last budget, and the response from your institution contains five points. However, in those five points, nowhere is it specifically indicated which penalties will be imposed on professionals or financial institutions who actively participate in the planning of tax fraud.
I would like to know where the truth is. Is it with your officials who appeared before the Standing Committee on Finance, which is chaired by Mr. Rajotte, or in the information that you are giving us today?