Mr. Speaker, I thank my colleague for his very important question.
Legislation that is too complicated poses a challenge, even for tax experts. If it is too complicated for the people who work with Canadian tax laws every day, it presents an even bigger challenge for Canadian families and businesses.
The government claims it has simplified things by saying that things are black or white. But the act becomes increasingly complicated with every tax loophole. That is why we must simplify the Income Tax Act. Our taxes must be fair and progressive. They must also be simpler so that people understand how to pay their taxes every year. The legislation must be simpler for businesses to better plan their investments. This would help create more jobs for Canadians during a time when unemployment is far too high.