Mr. Speaker, under the Income Tax Act, companies must pay tax instalments to the Canada Revenue Agency so that when year-end assessments are issued, much of the money has already come in.
That said, the Auditor General found that some people were overpaying their taxes to take advantage of a higher interest rate than the rate the banks usually offer. This is certainly an unacceptable anomaly, and we have already asked that corrective measures be taken so that it does not happen again.