Mr. Speaker, pursuant to Standing Order 36, and on behalf of the hundreds of seniors who visited Parliament Hill yesterday, I present this income trust broken promise petition. The petitioners remind the Prime Minister that he had promised never to tax income trusts but that he recklessly broke that promise by imposing a 31.5% punitive tax, which permanently wiped out over $25 billion of the hard-earned retirement savings of over two million Canadians, most of whom were seniors.
The petitioners therefore call upon the Conservative minority government, first, to admit that the decision to tax income trusts was based on flawed methodology and incorrect assumptions, second, to apologize to those who are unfairly harmed by this broken promise, and, finally, to repeal the punitive 31.5% tax on income trusts.