Mr. Speaker, to address the issue, it is our government's contention that if a person carries out a fraud of $1 million or more, the minimum sentence is two years. We believe that is a reasonable benchmark. We are saying basically that if it is $1 million or so, the punishment will be two years. If it is many more millions, the punishment will be greater. In our judgment a two year minimum is satisfactory.
In the House of Commons on October 22nd, 2009. See this statement in context.