Mr. Speaker, my question is for the Minister of Finance.
The new Canada-United States tax convention came into effect on January 1, 1996. It penalizes low-income earners by depriving them of 25 per cent of their American pensions. On May 6, the minister assured us he was looking into the matter.
Since the minister recently met with his American counterpart, is he now in a position to give the assurance that a satisfactory solution to this matter will be found before the end of this year?