Mr. Speaker, this morning the deputy minister of finance appeared before the finance committee and went through contortions to try to justify a bad ruling that created this tax loophole. In order to justify his position he was giving new tax interpretations off the top of his head, such as all real estate owned by Canadians is now taxable Canadian property.
The Department of Finance and the Department of National Revenue are digging themselves into a bigger hole. What about the Minister of Finance? Will he admit this game has gone too far? Will he plug the leak and call for a public inquiry to investigate the circumstances now?