Mr. Speaker, it is good to hear that the Conservative Party is going to support this step forward in terms of closing loopholes and tax avoidance. However, we do not believe that this bill goes far enough.
My colleague talked about tax fairness. The Conservatives do not believe that New Democrats support risk takers in our country doing well, but we do. However, we also support them paying their fair share of taxes.
With respect to the CEO stock option loophole, CEOs are getting a 50% discount. Risk takers who have done well, who have won because of their hard work, are getting a discount on their taxes, which is not fair.
My friend Maureen Fraser owns the Common Loaf Bake Shop in Tofino, B.C. She pays her fair share of taxes. When she has a good year, she pays a little more, and she is happy to do so. But she does not think it is fair that CEOs get a discount on their taxes when they have a big win. Ninety-two per cent of the CEO stock option loophole would go to the 1%. That is unfair.
Does my friend and colleague support closing the loophole for the CEO stock option?
We know it is not about competitiveness. I have talked to CEOs and not one of them has told me they are going to move their business out of the country or they are not going to work in Canada if they do not get a discount on their taxes and they are not paying their fair share like everybody else.
The Liberals promised to close the loophole. Would the Conservatives do the same? Does my colleague think that the CEO stock option loophole is unfair?