Mr. Speaker, my question is for the Minister of Finance who has obviously been hearing like the rest of us about a lot of taxpayers who are fed up with hitting the wall. Some taxpayers have not hit the wall. Some taxpayers have never even seen the wall and others have jumped over the wall.
Over the last few days the minister has talked about tax loopholes. I am pleased to hear him actually using that term as part of his vocabulary these days.
Will the minister as part of this theme seriously address the fact that capital gains in Canada are not taxed as other income as we find in the United States? People who inherit vast amounts of money do not pay tax. Would he consider the mother or father of all tax loopholes, the family trust, and remove that tax option in his budget?