Mr. Speaker, this is an income trust petition which I am presenting on behalf of Darryl Tempest of Mississauga, who has obtained the requisite 25 signatures.
The petitioners remind the Prime Minister that the greatest fraud is a promise not kept. The petitioners remind the Prime Minister that he promised never to tax income trusts but he recklessly broke that promise by imposing a 31.5% punitive tax, wiping out $25 billion in retirement savings for over two million Canadians. The petitioners call upon the Prime Minister to admit that the decision was wrong, to apologize to those who were unfairly harmed and to repeal the 31.5% income tax.