Mr. Speaker, my question is for the Minister of National Revenue.
Recently we learned that the overseas tax credit, a tax initiative for Canadians working abroad, is not applicable to Canadians who work for foreign based companies. This tax credit allowed foreign companies to hire qualified Canadians, thus providing us with jobs and foreign income that was spent in Canada.
Could the minister explain why he did not grant an exemption to foreign companies already receiving the credit so that they could maintain foreign income, Canadian jobs, and that the revenue and jobs would not be lost?