Mr. Speaker, I am pleased to present a petition today from dozens of residents of the Ottawa area. These Canadians are very concerned about the excessive fees and gouging that is taking place when they are transferring money abroad. Many new Canadians live on low incomes, and they are being gouged up to 25% of the amount they are sending to loved ones and family members who live overseas. On their behalf, I would like to table this petition.
They say it falls upon the government to bring in legislation that would limit the fees on remittances to 5% of funds, instead of the 25% and sometimes more that currently exists.
I would like to thank the good volunteers of ACORN Canada who have been raising this issue for low-income Canadians.