Mr. Speaker, at a time when governments table their budget, and at a time when taxpayers are convinced that the fiscal burden could be better shared, we learned from the auditor general that some family trusts are believed to have transferred assets of $2 billion to the United States, free of tax, with the government's approval. In fact,
senior officials from the Department of Finance made Revenue Canada reconsider its position and grant these exemptions.
My question is for the Minister of Finance. How can the minister justify the fact that two family trusts were allowed to transfer over $2 billion worth of assets to the United States, without paying any tax on capital gains, this with the government's approval?