October 3, 1996 (35th Parliament, 2nd Session)

BQ

Michel Gauthier

Bloc Québécois

Mr. Michel Gauthier (Leader of the Opposition, BQ)

Mr. Speaker, yesterday, in a ministerial statement, the Minister of Finance implied that he was closing the tax loophole whereby a Canadian family trust was able to transfer $2.2 billion out of Canada tax free. The fact remains that the particular tax loophole is still there.
Will the Minister of Finance confirm that the $2.2 billion transfer that took place in 1991 would still be possible today, despite the announcement made by the minister yesterday?

Topic:   Oral Question Period
Subtopic:   Tax Evasion
Full View