Mr. Speaker, when the opposition asked whether the new provisions in Bill C-28, which is sponsored by the Minister of Finance, might benefit Canada Steamship Lines, the Prime Minister replied “No”.
However, yesterday, a senior official from the Department of Finance who is responsible for tax issues stated that Bill C-28 may apply to a Canadian corporation with subsidiaries abroad and with the exact same structure as the finance minister's shipping companies.
How can the Prime Minister be more categorical than the official in the finance department who is responsible for tax issues?