Finance committee  No.

Finance committee  No. My adviser could probably answer that for me, but that's over and above my capabilities of high finance. My capability, as the president, is running the organization and meeting here with the government and MPs on issues. That's an issue, but I can't give you a fair answer on

Finance committee  Some of it's possible. Those ads are coming on even now. Since October 31, I'm surprised that some of the companies are advertising, still trying to sell you all this high-profile or safe stuff. It's sad that it goes on, it's sad that there's no regulation, and it's sad because i

Finance committee  We passed a resolution on this at our convention in Truro. It came from an independent consultant we're working with, who is here today with me. It came from her, and our convention, which had 150 people at it from across Canada, passed that resolution. There was some debate, but

Finance committee  Thank you, Mr. Chairman. I just want to make a couple of comments before I get started. I was here in November with the National Pensioners. I got a letter from the chairman, thanking me for coming, so I appreciate that. I have a handout, but we don't have it translated, so we'l

Finance committee  We are just getting involved in this. We have a brief we give out with facts and figures that came from our consultant. I'm not a financial wizard or anything; I'm just the president of National Pensioners and Senior Citizens Federation. Our consultant is telling us some of the p

Finance committee  There isn't really any protection, because there's no regulator. They're regulating themselves, the same as the police department does.

Finance committee  Right.

Finance committee  Yes. The broker tells you all the nice stories of how much you should be worth in two or three years, and if it doesn't turn out that way, you are the loser. Now the new regulations are that after two years you can't do anything to that broker, and there's no regulation for the i

Finance committee  We haven't looked at it that far, but I think it could be a possibility. It's over and above my capabilities right now to answer on that.

Finance committee  I'm not following that.

Finance committee  Are you saying that if an investor had an investment, he should pay more tax? Is that what you're saying? Or is it that the company should pay the tax?

Finance committee  We are looking for a regulator so that people who have trouble with income trusts have an avenue to go through to be protected. Right now, I understand there's no regulator. If you lose all your money, you don't have money to go to a lawyer to prove that your broker wasn't being

Finance committee  Yes, thank you. And thank you, members, for letting us come on. It was a last-minute thing. I have one package here, so I'll give it to the chairman. We had a press conference today on income trusts. But first I want to explain our organization. The National Pensioners and Sen