Mr. Speaker, I am pleased to present this petition concerning labour-sponsored funds, which are often used as a primary tool for saving for retirement. The middle class also uses labour-sponsored funds to save. These funds invest in small and medium-sized businesses, create jobs and spur economic development. The petitioners are asking that the government take all of the necessary measures to reverse its recent decision, which was announced in the budget on March 21, 2013, to eliminate the 15% federal tax credit granted to people who invest in labour-sponsored funds.
In the House of Commons on November 21st, 2013. See this statement in context.