Mr. Speaker, I would like to present a petition on the broken promise on income trusts. This petition is presented on behalf of Bruce Benson from Calgary, Alberta.
He recalls that the Prime Minister was bragging about his so-called commitment to accountability when he stated that there is no greater fraud than a promise not kept.
The petitioners remind the Prime Minister that he promised never to tax income trusts but that he shamelessly broke his promise by imposing a punitive tax of 31.5%, which wiped out $25 billion that more than two million Canadians, mainly seniors, worked so hard to save for their retirement.
Therefore, the petitioners are calling on the 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.