Mr. Speaker, my question is for the Minister of Finance.
Before I ask my question, Mr. Speaker, I would like to acknowledge that most of my constituents, most of the people of Canada, and most hon. members in this House would congratulate the Minister of Finance on a masterful and balanced budget.
Canadian press in the London Free Press of February 7, 1994 reported that 20 Canadian millionaires paid less than $100 each in income tax in 1991. The report goes on to state that 190 Canadians who earn more than $.25 million filed non-taxable returns for 1991.
Will the hon. minister assure this House that such tax loopholes will be closed in this taxation year?