Mr. Speaker, there is indeed a problem that we will have to look at.
If a Canadian taxpayer borrows money in the United States to do business, Canada can withhold up to 10% of the interest amount paid to an American bank. As indicated, the American bank will impose an additional charge on loans provided to Canadians, in order to make up for this deduction. So, there are provisions in the tax treaty that will ensure that investors are not unduly penalized.
As regards workers, and also companies for that matter, they cannot take advantage of a tax system, or a permit, that is more beneficial on either side of the border. There is a degree of harmonization. I believe that it results in more fairness under the tax treaty as such. It results in greater justification for the treaty, and it also ensures greater harmonization.
Therefore, I think it is important to reflect on the hon. member's comments.