Mr. Speaker, in his report, the Auditor General denounced some provisions of the Income Tax Act that allow big Canadian corporations to invest in tax havens and bring dividends back to Canada without paying a cent of tax. The problem arises because Canada signed tax conventions with several countries that are now considered as tax havens.
How does the Minister of Finance justify having countries like Barbados, Cyprus and Malta, tax havens recognized by the Auditor General, still on the list of countries with which Canada has tax conventions that unduly allow some Canadian companies to avoid taxes?