Mr. Speaker, I have a couple of other petitions, and with your indulgence I will quickly present them now.
In this petition, residents of Canada want to draw attention to the fact that there is a loophole in the Income Tax Act in that businesses in Canada are able to deduct from business income, for tax purposes, fines and penalties imposed upon them in respect to environmental laws, consumer protection laws, workplace safety laws, and so on.
They are calling upon Parliament to immediately enact legislation amending the Income Tax Act to prohibit the deduction of all fines and penalties from business income for tax purposes. They do not want those fines to be simply a cost of doing business.