Mr. Speaker, my question is for the Minister of Finance.
The minister is well aware that virtually all of the OECD countries now have an inheritance tax for people who inherit, say, sums of money over $1 million. This would generate hundreds of millions of dollars in revenue at a time when revenue is much in need.
Can the minister tell us, is there some reason Canada does not have an inheritance tax like virtually every other OECD country?