Mr. Speaker, a deathbed conversion, but it will still not give seniors back all the money they lost in their income trusts as a result of the Minister of Finance.
The parliamentary secretary was absolutely clear. He said, “The trusts will be taxed going out or starting, I think, around 2007”. When will the minister reveal his hidden agenda and admit that the Liberals are on the same track? If they are re-elected, seniors and Canadians saving for retirement will be subjected to a new tax on their income trusts in the future.