Thank you, Mr. Chair.
Thank you, presenters. Again, they were fine presentations from the folks from Toronto.
To Caroline Di Giovanni, I wanted to just mention Gerry Vandezande. I saw him last Friday night at the investiture. I don't know if you were there or if you weren't. I thought he was going to be here today. Gerry always keeps me in the picture, shall we say, on this issue.
Mr. Poschmann, you raised a couple of interesting points. I take it that your notion of creating GST space for the provinces means that if it goes down one or two points, as the case may be, that would create fiscal space for a province to raise its PST, HST, or whatever, up one or two or three points, as the province saw fit. Is that effectively your notion?