Mr.Chair, when we announced the large employer emergency funding facility, we recognized that those who wanted to receive tax dollars had to have paid their fair share of taxes. That's why we're putting in place measures to carefully assess the tax structures of these businesses before we loan money to them.
Mr.Chair, sometimes a bank will relocate its most profitable activities carried out in Canada and register them in a subsidiary in the Bahamas, Barbados or another tax haven. Does the Prime Minister consider this bank to be paying its fair share of taxes in Canada?
Mr.Chair, we will assess applications for the large employer emergency funding facility on a case-by-case basis. We don't expect the big banks to need these funds. Before we provide any money, we're going to make sure that whoever wants to access these funds is transparent about how the money is being managed, including internationally.
Mr.Chair, I'll change the subject now. Consumers are paying more and more with their credit cards, which allows contactless payments in shops, not to mention online shopping. This benefits Visa and Mastercard, which charge appallingly high user fees, known as interchange fees. These are almost 10times higher than in Europe and Australia, and it costs our merchants a fortune. Can the Prime Minister follow the example of Europe and Australia by capping interchange fees at0.3%?