A couple of questioners have commented on the abolition or elimination of interest expense. It's my understanding in reading that provision that the Finance measure is simply saying that the deduction is deferred until taxable profits are recovered from these entities in foreign countries. I don't believe it would be fair to characterize it as abolition. It is available, and that is how the minister would sense that he could continue to stimulate the investment he intends to stimulate. It's a deduction that would be available to companies, but only once they're recovering taxable profits.
On May 8th, 2007. See this statement in context.