Mr. Speaker, the emails and phone calls continue to pour into MPs' offices from financially devastated Canadians following the government's broken election promise on income trusts. Let us take, for example, Mr. David Taylor of Vancouver, who writes under the title “A damaged Canadian”, and says:
A significant percentage of my portfolio was lost today, with further destruction still to come. My monthly income is now in serious jeopardy, since by the new rules income trusts will have to lower their distributions to account for the new tax. I will have to sell my house as my new lower income will not support the mortgage. I wish I only had myself to blame, but this is entirely the fault of a callous and indifferent politician who has lied and now cheated me of my retirement.
Unfortunately, Mr. Taylor is not the only one in this predicament. Thousands of Canadians have lost billions of dollars overnight because of the government's broken promise--