Mr. Speaker, my question is for the Minister of National Revenue.
Effective January 16, a new guideline issued by Revenue Canada will require customs brokers to post bonds equal to 100 per cent of their monthly instalments to the government, whereas before the requirement was 35 per cent of the first $200,000 and 17.5 per cent of the next $1,800,000 up to a maximum bond of $2 million.
Can the Minister of National Revenue explain why he increased the bond required of customs brokers from 35 per cent to 100 per cent of their monthly instalments?