Hon. Pierre Bussieres (Minister of State (Finance)):
Mr. Speaker, I simply want to urge hon. members to reject the amendments. They would cancel outright the provision under which the tax on wines would be adjusted regularly and, as I explained this afternoon, there is no difference between that adjustment and an ad valorem tax. If the hon. member for Kamloops-Shuswap (Mr. Riis) objects to that process, then he must be against any ad valorem commodity tax, because just as an ad valorem tax goes up when, for instance, the currency fluctuates, so will this process enable the central government to maintain the same income tax margin as the revenue it derived before the commodity increase.
Subtopic: EXCISE TAX ACT AND EXCISE ACT
Sub-subtopic: MEASURE TO AMEND