Finance committee  Under Pillar two of the OECD/G20 agreement, a minimum tax of 15% is recommended for multinationals. We recommend that this tax be set at 25%, because it would take into account the provincial tax that is added to the federal tax in most Canadian provinces. In Quebec, the tax rate charged to large corporations is about 11.9%.

Finance committee  This will be brief. On the issue of jurisdiction, we look at the policy measures at both levels of government and determine which ones we think are preferable. As Mr. Duceppe said, the proposal in the Hoskins report, which is a few years old and was commissioned by the current government, strikes us as interesting in several respects.

Finance committee  That explanation is fairly complete. I would add that in a post-pandemic environment, ridership is not yet back to where it was before. It's important for governments to be able to provide support for both capital and operations, at least in the current period. This is very important.