Mr. Speaker, first of all, this has nothing to do with trusts. I was very clear in the 1995 budget; we have eliminated all tax advantages for family trusts. The question is how to treat capital gains when someone, whether a trust, an individual or a corporation, wishes to leave the country.
This was precisely the problem dealt with yesterday. In the past, it was not necessary, in certain cases, on leaving the country, to pay tax on gains that had accrued. As I said in yesterday's announcement, emigrants are now required to pay tax on capital gains or give us a security in order to ensure that Canada will receive its fair share.