Mr. Speaker, I listened with interest to my hon. friend and neighbour. I agree with about 96% of what he had to say.
He read from the Income Tax Act, which is always a useful thing to do to point out how convoluted the act is and why people have to hire tax accountants and tax lawyers to do the most simple tax form transaction.
I know my friend is concerned about the growth of the underground economy. Many people have decided not to carry on business transactions above the table but to do it below the table. This results in a significant loss of revenue to the national treasury.
Is the reason so many people have decided to go into the underground economy a reflection of people's loss of faith in the fairness of our present tax system?