Mr. Speaker, as my colleague from the finance committee has confirmed, earnings based on the matching grants provided by the government will be taxable income under the IRS. It is absolutely perverse that the Canadian government is putting in these funds to benefit Canadian families. Ultimately, earnings on these funds, these matching grants, will be funnelled through to the IRS and the U.S. Department of the Treasury—
In the House of Commons on June 11th, 2014. See this statement in context.