Mr. Speaker, of course our Conservative government understands that this has been a source of considerable anxiety. We have raised this issue repeatedly with the government of the United States. The Minister of Finance has been working closely with American officials on a common sense solution. We appreciate their engagement, especially that of the U.S. ambassador.
We are happy to report that the U.S. has agreed to show leniency. It will waive penalties for many and allow potential refunds of penalties already paid. More details will follow in the coming weeks. This is a victory for Canadians and a testament to our positive working relationship with our American neighbours.