Mr. Speaker, I would like to ask my colleague about the changes in tax hikes on credit unions in rural and small town Canada. There are significant challenges faced in regions across Canada, particularly in regions that do not have either mining or energy wealth. We see a demographic trend toward smaller communities, older populations and small businesses.
One thing that has been there for rural and small town Canada, even during these difficult times, is the co-operative movement and credit unions. We are told by the heads of credit unions across Canada that these changes will hurt credit unions significantly.
Does the hon. member agree that these tax hikes on credit unions will reduce capital for small businesses and entrepreneurs in rural and small town Canada and, as such, should be reconsidered and reversed by the government?