Mr. Speaker, in keeping with the record, Bill C-48 proposes to strengthen Canada's tax system by closing a number loopholes and improving fairness for all Canadian taxpayers. For instance, Bill C-48 contains some measures that would implement a more rigorous information reporting regime for certain transactions associated with schemes to avoid taxes.
This tougher reporting machine would help the Canada Revenue Agency get earlier disclosure and detailed information on transactions that present a higher risk of abuse to the income tax system. It would assist the agency in challenging them if they are in fact found to be abusive.
I do not know what reason the NDP would have in opposing the timely implementation of some of these measures.