Mr. Speaker, in his election platform, the Prime Minister stated, “A Conservative government will preserve income trusts by not imposing any new taxes”.
Canadians who voted for the Prime Minister did so based on a deception. What is equally concerning, they invested their life savings based on a false promise. Today, thanks to his misrepresentation, Canadians are about $25 billion poorer.
Everything the Prime Minister will tell the House today about the impact of income trusts on government revenues he knew when he made that promise. Why did he engage in a deception of such monumental and costly proportions to all Canadians?