Madam Speaker, I have a couple of very quick facts. Only 0.13% of Canadians with an average income of $1.42 million are expected to pay more tax on their capital gains in any given year. Also, the current 50% inclusion rate can lead to unfair circumstances, where a millionaire can pay a lower marginal rate on capital gains than a nurse pays on salary.
People need to reflect on that. If my memory serves me correctly, Brian Mulroney had a higher percentage than what we are proposing. The member might want to fact-check that. I am relying purely on my memory.