Mr. Speaker, a few minutes ago I asked the Minister of Finance a question. However, either my explanations were not sufficiently clear, or the minister was a bit mixed up, so I would like to try again.
There has been partial inclusion of capital gains since 1987; 75 per cent of the capital gain is taxed at the corporate tax rate; 25 per cent of this capital gain, which is income like any other income, is completely tax exempt. This 25 per cent is placed in a capital dividend account and paid to shareholders, not reinvested.
Since there is general agreement in Quebec, and in Canada, that this partial inclusion of capital gains must be eliminated, that it is costing $400 to $500 million a year that other taxpayers must pay, will the minister undertake to eliminate it?