Mr. Speaker, we have seen some estimates. When FATCA was first introduced, Scotiabank estimated that it had to set aside $100 million to gather all of this information, and that was just for Scotiabank alone.
It is an incredibly expensive thing to do. There are 17 million Canadians who have accounts that may potentially be exposed, and just one chartered bank alone is setting aside $100 million.
We asked the government what its estimates were on the cost of implementing FATCA for the Government of Canada. What was the answer? This Conservative government that claims to have respect for taxpayers' dollars had not done an estimate. It had not bothered. The Conservatives negotiated and signed a deal that we know is going to cost tens of millions of dollars, but they never bothered to ask. They just signed the deal and said they would worry about the costs when they came.
If this is Conservative economics, then I do not want any part of it, and neither should Canadians.