Mr. Speaker, as a result of the decision to abolish the GST visitors' rebate program, with no consultation, Canada has become the only OECD country that does not reimburse tourists for some of their spending.
The Tourism Industry Association of Canada estimates that this will result in losses of several billion dollars for cities such as Montreal, Ottawa and Toronto, which organized conferences for companies based outside Canada.
How does the Minister of Finance plan to make up for the losses resulting from this policy worthy of a banana republic?