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IN THE HOUSE ~ Question ~ overseas tax havens and poor fiscal rules

You can watch the video of Peter's question here: https://youtu.be/V-TlhcM_9ks

 Mr. Peter Julian (New Westminster—Burnaby, NDP): Mr. Speaker, simply there is no due diligence. We are talking about $277 million coming to Canada from secret tax havens benefiting from the poor management by the government of cannabis. We do not even know who is involved. Is it Liberal insiders again? Is it organized crime? Or is it both? The Prime Minister's willingness to sign anything with overseas tax havens and poor fiscal rules means these secretive funds do not even have to report their capital gains in Canada. Perfect for money laundering. Why is the Prime Minister being so utterly irresponsible?

    Right Hon. Justin Trudeau (Prime Minister, Lib.): Mr. Speaker, protecting the health and safety of Canadians is a top priority for our government, and that is why we are moving forward on a legalized regime for the sale of marijuana.

    Under our proposed regulations, security clearances will be mandatory for individuals who occupy key positions in any organization, as well as background checks on significant investors to any marijuana company. In addition, the Minister of Finance recently reached an agreement with his provincial and territorial counterparts to ensure that we know who owns which corporations, which will help prevent Canadian or international companies from facilitating tax evasion.

 

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