Mr. Speaker, Bill C-28 amends certain provisions of the Income Tax Act and proposes, among other measures, to ease the tax requirements for Canadian businesses that have subsidiaries involved in international shipping, in tax havens such as Liberia and Bermuda. Oddly enough, this tax saving measure would be retroactive to the 1995 fiscal year.
My question is for the Minister of Finance. Who asked him to make such an amendment to the Income Tax Act, and how many Canadian businesses will benefit from this measure?