Mr. Speaker, the finance minister of Canada's new government has had some 18 months to learn about debt dumping. He has learned zero because he went after the wrong target. He did not target debt dumping. One would think a finance minister who goes to work everyday for 18 months is not so new any more and he might have learned something by now.
Instead of going after double-dipping, which is irrelevant or counterproductive, as the member has implicitly admitted, maybe he should have a meeting with the finance minister and teach him the basics about debt dumping versus double-dipping.
The thin capitalization rules have been reviewed over the years. I think the time has come for further review and study of this issue by experts as to what additional actions could do to limit revenue losses arising from debt dumping. It has been reviewed before over the years. I believe the time has come for another review.
The minister does not even understand what debt dumping is. He did not even mention it, so I do not know why the member should get all lathered up when his own minister does not get it.