Mr. Speaker, the Liberals have a habit of saying one thing and then doing another. First, there was a promise of a small deficit. Now it is out of control. Then they promised a balanced budget by 2019. Now it will not be until 2055. Now the Liberals are saying that principal residence reporting is about foreign investor compliance. It turns out that it may just be a new way to tax small businesses.
I want to ask: Will the new rules requiring Canadians to report the sale of their principal residences on their tax returns eliminate any portion of the capital gains exemption if they run a small business from their home, yes or no?