Mr. Speaker, what the hon. member refers to is a conversation I had with the former finance minister, as I had several constituents in my riding come to my office and inquire about the FATCA situation and how it was going to affect them.
I was told at that time by the finance minister that we were in heavy negotiations with the United States of America to make sure that we negotiated a deal that would protect the rights and privacy of Canadians who could be affected by this legislation enacted in the U.S.A.
I can remember the finance minister standing in the House announcing the deal that had been made with the United States in order to protect Canadians. We hear the fearmongering by the opposition side, but we know that RESPs and RRSPs are protected. We know they were excluded from any deal. We are making a continued strong effort to negotiate with the United States to make sure all Canadians are protected from these measures.