Mr. Speaker, I have three petitions I would like to table in the House today.
Pursuant to Standing Order 36 and as certified by the clerk of petitions, I am pleased to present yet another income trust broken promise petition on behalf of my constituents of Mississauga South. These individuals are all known to me and I am delighted to do this for them.
The petitioners remember that the Prime Minister was boasting about his apparent commitment to accountability when he said that the greatest fraud is a promise not kept.
The petitioners want to remind the Prime Minister that he promised never to tax income trusts. He recklessly broke that promise. He imposed a 31.5% punitive tax which permanently wiped out over $25 billion of hard-earned retirement savings of over two million Canadians, particularly seniors.
The petitioners call upon the Conservative/Canadian Alliance/Reform minority 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 31.5% tax on income trusts.