To follow up on that point, I might say that the federal civil service under the Liberals moved at lightning pace compared to the glacial pace we've been observing recently.
That was meant to be a lighthearted comment.
I thank you all for being here. My apologies for being a little late. It was partly because I went to the wrong room.
I would like to start off with the issue of the capital cost allowance. I notice that Mr. Lazar and Mr. Myers both, at or near the top of their list, have been asking for an extension of five years. What the government did was extend it to three years, essentially for 21 more months, and then it looks like it's being phased out.
This is my question. I would have thought, having such a short lead-in time, that it's not always terribly useful, because it takes a lot of time to make plans for these investments. Moreover, I thought the annual cost was in the order of $560 million, and they seem to have budgeted far less, which means that maybe the government itself doesn't think there will be much take-up.
I'd like to ask what your overall view is and how much difference it makes between having this measure in for three years versus five.