Mr. Speaker, in rapid succession the member has been able to misinterpret about three different measures in the last budget.
First, starting with the capital base of corporations, we have a tax structure now which eliminates many of the loopholes whereby corporations managed to escape taxes on the income side. Second, we did not sign any tax treaty with any country which provides for a tax haven. It is just the opposite. We ensure
taxes are collected from Canadians and Canadian businesses doing business overseas. Third, measures involved with the family trust take place immediately. The other ones on the capital tax side take place in 1999.