Mr. Speaker, the Liberals say they want to combat tax evasion, but the agreements signed with Grenada and Antigua and Barbuda clearly do the opposite.
To be clear, provisions in both agreements allow the active business income from a Canadian company's foreign affiliate to be paid to the Canadian parent company in the form of dividends that are exempt from Canadian taxes.
It could not be any clearer. It is written in black and white in the agreements.
How can the government and the minister defend such bad agreements?