Mr. Speaker, on March 10, 1994 I brought to the attention of the Minister of Finance the report that 20 Canadian millionaires had paid less than $100 each in income tax in 1991.
I believe that the number has increased each year since. Each and every Canadian has to pay his or her fair share of taxes. How can we as members of Parliament tell our constituents that they must pay their income taxes when they see wealthy Canadians taking advantage of tax loopholes?
If we are to fight the deficit on all fronts, I hope the Minister of Finance will take the opportunity available to him to close tax loopholes for the rich. We have to let the people of Canada know that one does not receive special tax privileges because of personal wealth.