Mr. Speaker, the member from Mississauga said it might be fair but it is not in the best interests of Canada. I think fairness is in the best interests of Canadians. I also want to let him know that this bill does not affect the area he was talking about.
However, there is one interesting thing. I am not going to debate the decision that was taken, as that is not what this bill is about. I received a report from a financial adviser in my area. He is not my financial adviser, but he sent me something. The member is right when he says that a number of income trusts have been in play. I think this adviser's report said that about 16 income trusts have been in play. I cannot remember the numbers, but the vast majority of them that have been sold, he said, perhaps 10 or 12 of them, were as much as 30% above their market value as of October 31. The investors in these income trusts are doing quite well in terms of the value of those sold items. There are two that were sold and are under their October 31 value.
That is the marketplace. That was the whole idea of the change we are trying to make in regard to fairness in the tax system for all corporations, whether it is an income trust structure or a corporate structure. That is what our bill was about. It has now passed this House and we are patiently waiting for the Senate to approve it so we can move ahead on these issues.
I know that on this particular topic the leader of the Liberal Party has said that he expects his Liberal Senate counterparts to pass the bill this bill that was passed by the House. I am not sure why the Senate has not yet approved the bill or where it is in the Senate process. I look forward to the support of the member and his leader to make sure the Liberals in the Senate move forward on the bill.