Mr. Speaker, we have suspected as much for two and a half years, and we kept asking, to no avail, the Minister of Finance to take action. Now, the truth has come out.
In this morning's issue of the Financial Post , we learned that, based on a confidential report prepared by Revenue Canada, no less than $60 billion worth of capital secretly left the country in 1991. This blatant case of tax evasion was made possible thanks to permissive and lax federal legislation.
My question is for the Minister of Finance. Will the minister confirm these facts? Will he confirm that very rich Canadians secretly transferred $60 billion worth of capital outside the country without paying tax?