Mr. Chair, the member for Halton supported the decision of the government with respect to income trusts which was made in the autumn of 2006. In case he has forgotten why he supported it, perhaps I can help him by going back to that time and repeating the reasons it was important to move ahead with that decision.
Sometimes in government difficult decisions need to be taken. In fact, the previous Liberal government had addressed this issue and was going to move ahead with it, but the Liberals changed their minds at the last minute, despite the fact that they knew it was the right public policy to pursue.
Why was it the right public policy? Because we should not have entities in Canada being treated differently for tax purposes and decisions being made for tax purposes rather than business purposes in Canada. We needed to level that playing field.