Mr. Speaker, the hon. member was a chartered accountant in a previous life and should understand what he was saying and should also understand what the act says. He probably has a pretty good understanding of capital gains. There are a number of different ways in which we can talk about capital gains. I have to also refer back to his idea that there are only about 10 pages on income tax in there. That is amazing. We should then throw this thing away.
In the House of Commons on May 14th, 2001. See this statement in context.