Mr. Speaker, fairness sounds like a fairly good term to use. The Prime Minister is on the record as saying that the greatest fraud is a promise not kept. He promised in the last election that he would not tax income trusts, never.
Then, on October 31 last year, that promise was broken and a 31.5% punitive tax was imposed on income trust investors. It wiped out $25 billion of wealth of 2 million Canadians, many of them seniors and those providing for their retirement nest egg.
Fairness means ensuring that things are happening equitably. Why do seniors have to be the target of a draconian tax measure? That is not fairness.