Mr. Speaker, would the Minister of Finance simply say that what we read in the press today is not true, that in spite of the fact that we all appreciate there are a whole host of loopholes for the wealthiest in Canada, now we find out that the minister is going to provide one more loophole outside the parameters of the budget? Canadians who sell off assets in excess of $600,000 in the U.S. are going to pay U.S. tax but this minister now is contemplating giving them a tax credit to make up for that.
Will the minister stand in his place and say this will not be a tax loophole that he will be introducing, although it is part of the protocol being negotiated? While he is on his feet, will he tell us what the Prime Minister is going to tell President Clinton to do about that head tax at the U.S. border?