Mr. Speaker, I must disagree with my hon. colleague. There are many tax law experts, including Professor Allison Christians, who holds the Stikeman Chair in Tax Law at McGill University. This applies to what is described as U.S. persons. It casts a very wide net. It could well include Canadian citizens who are not dual citizens. It could include the children of former U.S. citizens. It casts a wide net and it reports on the private information of Canadians without their knowledge through to the IRS, and it is not sufficiently reciprocal.
The findings of many legal experts who have testified at the finance committee make it clear that this document is neither reciprocal, nor of advantage to Canada, nor required under international law because the U.S. has not even ratified the IGA. We also know from Professor Peter Hogg, Canada's leading constitutional law expert, that it will contravene the charter if it ever goes to the Supreme Court of Canada. It must be pulled out of the bill.