It might be easy, but it would be pretty ill-advised in the sense that the idea of so-called restricted interest expense was first put forward, I think, in the 1981 federal budget. I don't believe anybody has suggested that it is an appropriate rule in a corporate context. We don't have that principle whether Canadian corporations are investing in Canada, we don't have it whether they're investing offshore, the theory being that interest expense is a real and immediate cost.
On May 10th, 2007. See this statement in context.