My second question deals with the textbook tax credit. Obviously, everyone would like to see assistance for students, but this non-refundable tax credit does not seem to me to be the best way of doing that. Students will be able to defer the credit until they have finished their studies, but it is while they are still at school that they need this money. Why did you not choose instead to give a refundable tax credit or a GST exemption on textbooks, which would have been preferable and easier to administer?
On November 9th, 2006. See this statement in context.