Mr. Speaker, the second petition is an income trust broken promise petition. The petition is presented on behalf of Ms. Tanya Zaritsky who remembers the Prime Minister commenting on his apparent commitment to accountability when he said that the greatest fraud is a promise not kept.
The petitioners remind the Prime Minister that he promised never to tax income trusts. He broke that promise. He imposed a 31.5% tax which wiped out $25 billion of hard-earned retirement savings of over two million Canadians, particularly seniors.
The petitioners call upon the Conservative minority government to admit that the decision to tax income trusts was based on flawed methodology and incorrect assumptions, to apologize to those who were unfairly harmed by this broken promise, and to repeal the punitive 31.5% tax on income trusts.