Mr. Speaker, when budget 2013 was presented, credit unions and caisse populaires were surprised to see the government cut a 40-year-old measure that helped them build capital and be competitive with the big banks.
The Credit Union Central of Canada and Mouvement Desjardins are proposing that a new capital tax credit be included in the next budget in order to stimulate growth in the credit union and caisse populaires sector, and thereby help small businesses, especially where the big banks do not have a branch.
Will the government move ahead with this proposal?