Mr. Speaker, I thank the member for Victoria, a fellow British Columbian, for her intervention. I know she feels strongly about these issues.
The Ontario Teachers' Pension Plan invests heavily in financials, with 15% or 16% of its assets there. Many widows and orphans get what they get back from banking stocks. By the same token, we have the Liberals' crazy idea, which the NDP is endorsing, of suddenly raising corporate taxes on specific banks and deciding which ones will be in and which ones will be out. However, the fact is that most banks will just raise user fees a slight amount for everyone they serve rather than lose the business of wealthy people who the NDP apparently wants to target.
How does the member square that circle? I am certainly supportive of the idea of a beneficial ownership registry. I wish the government would get that registry up and started properly.