Mr. Speaker, I welcome the hon. member's comments.
He may have a couple of speeches confused. In my address I did not address the tax loophole issue although that certainly is a concern that I, many other members and also Canadians have.
With regard to his comments regarding the $100,000 or $500,000 capital gains exemption, our party has looked at those programs as well as the RRSP program as being an effective tool to help Canadians to plan security for later years in life so as not to be a burden on Canadians through needing assistance in other areas.
I feel quite comfortable in saying that our party would be fairly supportive of maintaining the $100,000 tax exemption for persons and also the $500,000 tax exemption for farmers which as the hon. member points out has been an effective tool to provide for their security in later years, once they are not actively in business and have sold or transferred their operations to family.