Mr. Speaker, our government knows that knowing clearly who owns which company will help us stop those who use corporations to evade taxes, launder money, finance terrorism, and trade in dangerous goods, like firearms. We have already developed an extensive network of bilateral tax treaties and tax information exchange agreements with international partners. We reached an agreement with provincial and territorial finance ministers to ensure we know who owns which corporation.
The agreement is an important first step that will help prevent companies from concealing ownership information in order to facilitate tax evasion, tax avoidance—