Mr. Speaker, I want to take a few moments and clarify what I believe to be some misconceptions or possibly attempts by particularly the person who just spoke to put things that are not in the bill before Canadians. I feel that is extremely unfair.
What we are talking about here is a bill whose purpose is to put into place a protocol to amend the 1980 income tax treaty between Canada and the United States that was signed on March 17, 1995. The purpose of this is to put these measures into force. It has nothing to do with the member for Kamloops' statement of us wanting to give rich people more money or some such nonsense.
One of the provisions of this bill will be, for instance, the elimination of withholdings that are there now. For instance, some people have estates in the United States. The example was given of a Florida winter home. I have a case a constituent brought to my attention of a mobile home in Florida owned by senior citizens and one of them died. I would not exactly call those rich people. Rich people do not own $10,000 mobile homes when they are 70 years old.
I know the amounts. I know very well the amounts that are in the bill. The limits that are there now in terms of estates would barely cover a mobile home, its furniture, and a car.