Mr. Speaker, if I left the impression that it was for anything other than what he described, I am remiss and I apologize. If that is the way he took those remarks and if I misspoke in that respect, he is exactly right. It would be for foreign money that is coming into Canadian property.
As I said earlier, it would actually be on top of a municipal tax that is applied to it, and a provincial tax as well, including a transfer tax of 20%. What I am suggesting to him is to take a look at the federal government's incursion into the same taxation measures that municipalities and provinces are already taxing and ask why the federal government needs to be there, as opposed to acting where the federal government currently has jurisdiction and addressing the money laundering laws.