Mr. Speaker, in a very calm way I will remind the House what we are doing on this very important file.
The Minister of Finance has changed the law with regard to family trusts. We have passed legislation which demands that not only corporations but individual trusts and partnerships have to record and report their offshore earnings and offshore assets.
We have very, very capable auditors on this file who have returned to the government coffers over $500 million in revenues in the last year. And I thank the Minister of Finance for another $50 million so that we can augment our work in that regard.
We are dealing with other countries to develop tax treaties so that we can exchange information on this very important file.