Yes.
Where it places Canada vis-à-vis other countries, such as the U.S., the U.K., and Japan, will depend on what happens. If the money is being brought home and there's more money being earned by the foreign affiliate than the interest expense associated with it, our regime is better, because there will be no net tax paid in Canada as a result of those profits. The U.S. system will impose a tax, and even though they gave a deduction for the interest up front, the tax result in our regime, at the end, will be a lower tax bill for the Canadian firm, all in.
But there are other factors. For example, while the income is left offshore, the U.S., the U.K., or Japan, in some cases—not in all cases—will have provided an interest deduction where we have not; and that, on a temporary basis, will be more favourable for them.