Thank you, Mr. Chair.
Mr. Chair, you, yourself, joined the committee after we conducted investigative hearings into the impact of the income trust decision. Most of the members who are here were here for that study. We did in fact produce a report from that study.
As Mr. Menzies has indicated, this is extremely well-tilled soil. We have gone over this backwards, forwards, and sideways. I cannot see any benefit to this at the present time.
I believe Canadians have moved on. Mr. Turner's motion contemplates which trusts have been purchased, but he hasn't contemplated the companies that did not convert into trusts and how much of the public tax revenue was not lost, and the protection of Canadian companies from converting into trusts, which would be extremely bad for Canada's productivity and Canada's economy moving forward. He's taken a one-sided look at this. He wants to go backwards.
I encourage and implore committee members to look forward and deal with issues that are relevant to Canadians today. Let's have a positive impact on our communities.
Thank you.