What is the estimated total dollar impact that will result from individuals making a capital gains election to secure a lifetime exemption for gains accrued prior to the budget day for (a) the guaranteed income supplement, (b) veterans allowances, (c) the child tax benefit, (d) the old age security repayment, (e) the age credit repayment, (f) the alternative minimum tax, (g) the GST credit, (h) other non-refundable credits, (i) other programs and other features of the tax system; and, in each case, what is the estimated number of people affected and the average increase in taxes or loss of benefits; and what is the overall total effect of this?
In the House of Commons on May 10th, 1994. See this statement in context.