Mr. Speaker, I thank my colleague for his excellent question and his comments.
I only touched on the subject, but we could talk about it at length. We could also talk about the capital gains tax and the tax loopholes that allow the wealthiest Canadians and Bay Street bankers to profit from the sale of certain shares. That money could help fund social housing, public transit, our health care systems, better access to university for students, and more research.
My New Democrat colleague raised a good point about tax havens. We hear about taxing the web giants and the wealthy, but the Liberal government has never done anything about tax havens. According to the Department of Finance, we lose about $16 billion a year to tax havens. As for taxing excess profits, the Parliamentary Budget Officer recently estimated that we could recover $8 billion that way.
The Liberals should truly work for ordinary people, for middle-class workers, not for bankers, as they are doing now.