Mr. Speaker, I think Canadians find it hard to believe that in a recession in 2009 the banks made $15.9 billion. The federal government rewarded them by reducing their corporate taxation rate to 15% and this was while the CEO of the Royal Bank, Gordon Nixon, and Toronto Dominion Bank's Edmund Clark were earning around $10.4 million.
What do Canadian citizens get as a reward for this? A 50% increase in the air travellers security charge, making Canada the highest taxed in the world. This is up against an American security charge of only $5. The government is driving Canadian customers to fly on American carriers. How is that smart economics?
Does the member have any comment on these points?