Mr. Speaker, I thank the hon. member for his work on the public accounts committee in this area. He is well aware that, since forming the government, we have worked with the Minister of National Revenue to eliminate abuse of the tax system.
We have made changes to the system that are very effective in eliminating loopholes. This week, for example, we announced, among other things, that tax shelters related to corporate funding would be limited.
Should you be interested, I can provide you with a list of tax benefits that were eliminated, such as the elimination of the $100,000 capital gains exemption and the imposition of a minimum tax on all deductions used as tax shelters. It goes on for three pages.