Okay.
Obviously, as Liberals, our preference goes to our first choice, which is the solution put forward in the committee's report. However, this committee has already voted against our proposal. The committee's report included two proposals to chose from: one from the Liberals and one from the Bloc québécois. Given that the Liberals' proposal has just been defeated, we suggest that the Bloc's proposal be adopted.
As I explained earlier, the Liberals' idea was to bring down the tax from 31% to 10%, but for non-Canadians only. According to experts, this would have allowed to recover two thirds of the funds that were lost. As mentioned in the press release from the Bloc québécois, the transition period would be extended to ten years instead of four. In our opinion, it is not the best solution, but it is better than the status quo.
In LIB-13, we are putting forward the Bloc québécois solution. It is simple and does not change anything, except for the transition period which is 10 years instead of four.This ten-year period would give businesses more time to adjust and it would increase the odds that a government may come up with something better.