As always, Mr. Speaker, I listened with interest to my colleague.
Speaking of erroneous, he talked about the tax revenue that comes to the government through income trusts. It is just another example of the way he continuously misleads the House. He talks about distributions being 47% taxable at the highest rate. That is just simply not true. Distributions can be in the form of capital gains, dividend interest or return of capital, all of which are taxed differently, and I think the hon. member knows that.
If he does not know that, then his lack of understanding is simply regrettable and leads to misinformation in the House. If he does understand it, and I think he does, then it is a case of deliberately misleading the House, and that is inexcusable. That is a—