Mr. Speaker, I have three petitions today.
The first is another income trust broken promise petition on behalf of the constituents of Mississauga South. The petitioners want Canadians to remember the Prime Minister boasting about an apparent commitment to accountability when he said that the greatest fraud is a promise not kept.
The petitioners want to remind him that he promised never to tax income trusts, but he broke that promise and posed a 31.5% punitive tax, which permanently wiped out $25 billion of the hard-earned retirement savings of over two million Canadians, particularly seniors.
The petitioners call upon the Conservative minority government, now the Reform government, first, to admit that the decision to tax income trusts was based on flawed methodology and incorrect assumptions; second, to apologize to those who were unfairly harmed by this broken promise and the tax increase; and finally, to repeal the 31.5% tax on income trusts.