Mr. Speaker, let us recall that this decision happened in 1991 with a former government, not a Liberal government, a Conservative government.
When this was drawn to our attention, we acted very quickly and rapidly. As minister of revenue, I placed a moratorium on any further rulings on taxable Canadian property while the finance committee was doing a very important review, the first review of this piece of the Income Tax Act in 25 years.
As well, upon receiving the report of the finance committee, I have extended the moratorium on any further rulings to do with taxable Canadian property until such time as the Minister of Finance has had an opportunity to review the recommendations and make decisions on making changes that are appropriate and in line with the kind of government that we are.