Mr. Speaker, after the income trust massacre, the finance minister was warned that the trusts had become sitting ducks for takeovers. Now, Deloitte, hardly a bunch of idiots, has released a report telling us that 70% of those trust buyouts were by those who pay little or no tax.
We have Canadians who have lost billions of their savings and we have the government that has lost hundreds of millions in tax.
Was this the minister's plan or was this one of the numerous areas where he just did not--