Mr. Speaker, I rise to speak to Bill S-217, which was introduced by my friend and colleague in the other place Senator Percy Downe. I thank him for his perseverance in pushing this issue forward. I believe this is the third time the bill was introduced and adopted in the other place and the third time the bill has been sent to the House for consideration. I know Senator Downe has put a lot of work into this.
To be clear, we support this bill. It would, broadly, do three things. First, it would have the CRA publish a list of people who are criminally convicted for tax evasion, which I think is an important part of public disclosure and transparency. Second, it would require the CRA to estimate the tax gap between taxes owed and taxes collected. Third, it would require the CRA to provide data to the Parliamentary Budget Officer so that the Parliamentary Budget Officer can independently assess the tax gap between taxes owed and taxes collected. Those are, I think, three very good goals of the bill.
I would encourage my colleagues to support this legislation. It is important to maintain the integrity of our income tax system. This will give the institutions of state the tools they need to do that so that we can ensure lower taxes for everyone, because when we close the tax gap and reduce tax evasion, taxes can go down.
I look forward to the further debate and vote on this bill.