Mr. Speaker, I thank my hon. colleague for his elucidation of the issues of regulatory process in this country. It was something that I had heard before but it was well done.
I would like to get back to the finance minister's comments in the last while about corporate taxation. In my territory, we went through a process once of cutting corporate taxes or raising corporate taxes but we found that this would attract corporations to file in the particular province or territory with the lowest tax rate. We saw that a competition developed among the provinces, a spiraling downward of the corporate tax rate, as they each bid to keep their corporations filing in their own region.
Does my colleague think it is appropriate for Ontario to continue this practice? If we see Ontario cutting the corporate taxes, what will that do to all the other provinces and territories that will need to follow suit?