Mr. Speaker, I thank my esteemed colleague for his intervention and his hard work in committee standing up for the interests of Quebec. We do not always see eye to eye on what is best for Quebec, but I think that we are certainly strong voices for standing up for these interests.
As members know, in February 2020, the Government of Quebec announced its intention to create a registry. Bill 78 was introduced in the National Assembly in June 2020 and was passed in December of the same year. To answer my colleague's question, there were provisions to create this registry of beneficial owners and make it public.
What are the challenges involved in bringing in such a registry and harmonizing it with those of the other provinces? That will become clear over time. If we are careful and create legislation based on what the provinces have already created, then we are more likely to achieve harmonization. There will no doubt be some bumps along the way, but solutions might present themselves.
I think that in a context like this, the provinces have jurisdiction. It is essential that the federal government build on what the provinces are doing and not fight what the provinces are doing. I think that is one of the intentions. Obviously, in Bill C‑42 before us, information sharing and transparency are fundamental.