My fellow panellist touched upon the crucial issue of tax rate that should apply to our Canadian companies. I always compare these rates to rates that are imposed on SMEs. SMEs constitute the engine of the economy. We therefore must make sure that they benefit from a more favourable tax rate than large companies. In fact, this is written in all documents, interpretive bulletins and documents on deductions for small businesses.
Indeed, Canadian tax rates are surprising. I wonder why our tax rate is lower than that of the U.S. We have an abundance of resources that attract companies. We do not necessarily need a tax rate that is 5% lower than that of the U.S.