Mr. Speaker, when the finance minister forgot about his failure to put $30 million worth Morneau Shepell shares into a blind trust, he was also knowledgeable of and benefiting directly from his decision to tax the retained earnings of businesses. That is the money that business owners set away so they can expand, or that farmers save for a rainy day or a bad season. More to the point, Morneau Shepell is the company that stands to gain the most from the individual pension plans peddled to business owners to protect their retirement incomes, who think that instead of setting money aside for a rainy day, all this money will come raining down on them through this other way of saving for retirement.
In the House of Commons on October 17th, 2017. See this statement in context.