Mr. Chair, I am going to quote the agreement because the minister does not seem to understand all the ramifications and effects of such an agreement. The backgrounder for the agreement that was tabled in the House says that the active business income from a Canadian company's foreign affiliate can be paid to the Canadian parent company in the form of dividends that are exempt from Canadian taxes.
Can the minister confirm that, under these provisions, the dividends paid to the Canadian parent company are exempt from Canadian taxes?