Madam Speaker, next I am tabling a petition highlighting some concerns from financial advisers. Petitioners say that financial advisers, while providing a qualified and professional service to their clients, are currently ineligible to individually incorporate; this causes them to be significantly disadvantaged, in effect, when they are taxed, especially in comparison to similar and related professionals. They note that stakeholders have brought attention to these legal and regulatory discrepancies and also to specific proposals to resolve them.
Petitioners call on the Government of Canada to act immediately with every means at its disposal to ensure that financial advisers are allowed to individually incorporate and that they are treated accordingly in regard to federal taxation. They also call on the government to actively promote this cause in working with all provinces and territories to make the same allowance and apply the same treatment to financial advisers within their jurisdiction.