Mr. Speaker, the Conservatives provided Canadians with a nasty little Halloween surprise that cost them $25 billion on income trusts.
Having destroyed the savings of hard-working Canadians, Conservatives are now proposing to give them a nastier Christmas gift. Investors who converted on the strength of the Conservative promise will get a love note from the tax man. For many, the value of their investment on December 31 will be less than the deemed conversion value and tax will be payable.
Will the Minister of Finance give relief to these betrayed investors, or is that just his way of saying merry Christmas and happy new year?