Mr. Speaker, like many members in the House, I have received many letters from seniors who have been caught in the problem of income trusts and who have been misled either by bad financial advice and by the promise of the current Prime Minister to not tax the income trusts, and thus have found themselves in this situation.
Throughout this issue, the NDP's principal focus has been to find a fair solution that best serves the interests of ordinary Canadians. We have consistently fought to close the corporate tax loopholes.
Last year the NDP called for a moratorium on new income trusts in order to give adequate time to resolve the problems in a way that would help and would do the least damage to ordinary Canadians. I wonder where the Liberals were when the NDP called for a moratorium and a transition strategy on this issue?