Mr. Speaker, I did make reference to the credit union issue during my remarks, and it is explicitly referred to in the amendment that is now before the House. Obviously, we think the tax changes with respect to credit unions are regressive. We think they are a mistake.
Credit unions have long performed an absolutely fundamental service in the financial services sector of our country. Probably the extension of credit unions is most successful in his province and mine. Quebec and Saskatchewan have a long heritage with respect to credit unions and the co-operative movement generally. We oppose the tax changes in Bill C-60 with respect to credit unions.
As for labour sponsored venture capital funds, there has long been a consensus in the House that those funds need review and revisiting. The government indicated that it was going to do something with respect to venture capital in the budget speech itself. Until we see exactly what it is proposing, how it is structured and how it is worded, I am not sure we could actually pass an opinion on the detail of what the government seeks to accomplish. There needs to be some reform, but I am not sure I am comfortable having the reform in the hands of this particular government.