Mr. Speaker, clearly the member for Regina—Lumsden—Lake Centre has not read the motion or he would know that our motion asks the government to respond in a certain way. Reliability does not come into the equation, nor do all the other issues that he talked about.
Nonetheless, I share the concern of my colleague from Scarborough Centre. Many people in my riding relied on the word of the Conservative government when the Conservatives said they were not going to tax income trusts. People made investments based on that and have been hurt significantly.
We know that we had to do something with income trusts. In fact, the member for Wascana brought in some measures to reduce the taxes on corporations. With the benefit of hindsight, that may not have been enough, but the finance minister is bringing in an elephant to kill a mouse. He is probably trying to be decisive, which is the latest catchword around here, but one does not bring in measures and throw the baby out with the bathwater.
We know that income trusts were working for the energy sector and for real estate. The government could have done much more in terms of grandfathering. Even if it had to bring in measures, it could have done something on grandfathering so that at least those people who made those investments would not have been injured.
I share the concern that my colleague from Scarborough Centre expressed earlier. That is why our motion says that the Minister of Finance needs some good advice on this question of the non-deductibility of interest. Let us bring in the experts.
The minister is in a bit over his head. He left Ontario with huge budgetary deficits. Is this the kind of person we want dealing with complex issues around tax avoidance and tax evasion? There are some issues there, but again, we do not throw out the baby with the bathwater. We deal with those issues. There are complex issues around the taxation of dividends from affiliates and questions of tax havens. Let us ring-fence that and let us--