I thank the member for his question.
On the subject of fiscal imbalance, it is our view that we've worked pretty hard at this over the course of many months.
We had the benefit of the report by Mr. O'Brien and his committee and other reports. Mr. O'Brien was the former deputy treasurer of the Province of Alberta who was appointed by the previous Liberal government here in Ottawa. We took the advice of the expert panel, and we consulted broadly.
I must say the result has been widely accepted in Quebec, I believe, as being a principle-based way of assessing appropriate payments for equalization and transfer payments to the other governments in Canada as we go forward. This is a big change because the provinces and territories will know from year to year, through a principled-based formula, what they're entitled to receive, rather than the kinds of changes and ad hoc situations that had developed in previous years.
I know, Mr. Crête, the argument that is advanced with respect to the transfer of tax points and tax room. I understand the argument. Obviously, it is not a path we chose to follow.