Mr. Speaker, I certainly share the frustration that many Canadians and many parliamentarians on both sides of the aisle share for the horrible delay tactics being used on the other side and the inflation of every single point becoming the end of the world.
This is a critical bill. It would help us in the fight against money laundering. It would help us in the fight against corruption. As the hon. member mentioned, it even helps us in the fight against Russian oligarchs. It would create a register that shows beneficial ownership, which is who is really behind the ownership structure of a company, such that we can then move forward, if necessary, to use that data, whether it is for the fight against money laundering, terrorism or anything else when the corporate structure is being used as a sham.
It would also allow us to protect whistle-blowers, who expose these kinds of measures. The legislation would basically create a best-in-class structure to mimic the best practices in other countries. It aligns with the best practices at the international level and with emerging best practices at the Canadian level, such as that in Quebec I mentioned a moment ago. We would be able to co-operate more easily with the provinces by creating this register, which would give access to law enforcement agencies and other agencies while still protecting the privacy of Canadians.
It is a good thing moving forward. There is widespread agreement and critical acclaim for this bill. We should just be getting it done.