Mr. Speaker, it is obvious the minister is entirely out of his depth. It is nothing to do with tax havens, and his arguments on tax fairness make no sense.
Already 5% of the income trusts have been bought up by entities that will pay no tax. The previous owners paid lots of tax. It is obvious that as a consequence of his policy, ordinary taxpayers will pay more, not less.
Why is it that every time the minister mentions the word fairness, Canadians have to reach for their wallets?