Mr. Speaker, I cannot deduct my traffic tickets from my income tax yet a recent court ruling says that businesses can deduct fines, penalties and levies as a legitimate business expense. I find this outrageous.
Will the Minister of National Revenue agree that it undermines the deterrent value of a fine if a company can write it off as a tax deduction? Will she agree to have her department study this issue and bring forward amendments to the act so that fines and penalties that are imposed by law on a company are not allowed as legitimate tax deductions? Will she make that commitment today?