Mr. Speaker, last week the minister of revenue refused to suspend the decision of Revenue Canada on the taxation of capital gains, which led to the transfer of $2 billion to the United States tax free. In total contradiction with the deputy minister of finance, the auditor general said this morning that action in this matter was urgently needed in order to prevent the loss of millions of dollars in tax revenues.
My question is for the Minister of Finance. Will he acknowledge the urgency of acting to prevent the flight of capital on the basis of the precedent set by Revenue Canada?