Mr. Speaker, I have enjoyed the debate today. I look forward to the bill going to committee so the 500 pages can be reflected on by members in the detail that is required.
Last night I had the opportunity to attend a function put on by people from Nunavik. They were talking about tax fairness, but they were talking about the northern residents tax deduction and the unfairness of that deduction.
I noticed in the 2007 budget the government talks about tax fairness regarding the capital gains exemption. It is suggesting that it be raised from $500,000 to $750,000 because it has not been raised for 20 years. The same situation exists with the northern residents tax deduction. It has not been raised for 20 years.
Does the hon. member think that the finance committee in its deliberations on fairness, whether it is foreign taxes or other taxes, could set some standards for the fair development of our tax system so that we can apply these standards in any debate that goes on about taxation and the Canadian public?