I'm quite familiar with the issue you've raised, of course, having been a provincial finance minister in Ontario. I've been to the meetings where we would have these discussions about how one creates fiscal balance. Does one better create it by the transfer of tax points, which has been done in past, or is it done better through the transfer payments mechanism and a principle-based formula?
But we have chosen a certain path. We have chosen a principle-based formula that is founded on the expert report by O'Brien, with some modifications, and that's a choice that was made by the government of the day. That is not to say that a different choice could have been made about transferring tax points and so on, but it isn't the choice that was made.
At least we and the Prime Minister certainly have it right about acknowledging that there's a fiscal imbalance between governments in Canada and are proceeding to fix it on a principled basis. As you know, the Liberal Party and its leader, Mr. Dion, does not even believe that there's a fiscal imbalance between governments in Canada.