Mr. Speaker, there are tax exemptions and loopholes, particularly with the capital gains tax, that allow these large trusts to get out of paying their share of taxes. This encourages them to buy more units, hundreds of units. That hurts tenants.
The NDP believes that if these big funds cannot guarantee that they are going to keep certain units affordable, they should be taxed more or prevented from acquiring more units. The Canadian Tax Foundation has done a very good study on why we need to review tax rules, because they are too favourable for these funds. The Liberals have not had the courage to touch them yet, but I hope this will be done in the next few years.