Mr. Speaker, we are glad to see that the Minister of Finance has finally accepted the Conservative Party position that we need to cut the taxes on dividends to level the field on income trusts. It is too bad the minister had to knock billions of dollars off the value of people's portfolios before he did it.
However, yesterday the parliamentary secretary to the minister said on television that the government also plans to impose a tax on income trusts. I was sitting with him when he said it. Why is the government continuing to threaten income trust holders with more taxes?