Mr. Speaker, a year ago the Conservative government destroyed the retirement savings of more than a million Canadians. It also destroyed an investment vehicle that raised capital for the energy sector. Income trusts were left as sitting ducks, ripe for foreign takeovers, 32 in all.
As Americans take over income trusts, the tax leakage problem the minister wanted to fix only gets worse. Why does the Prime Minister refuse obvious remedies? Why is he doing nothing and what is he going to say to those who lost their savings? Tough luck?