It's not quite accurate. In the work we've done, using the FOCUS model of the University of Toronto, we did take into account the investment impacts, which would be positive and actually help to generate more revenue in the future. There is also a more immediate impact, different from the longer-run impact, that would have to be taken into account.
But overall, I think there's a very strong case to be made for Ontario—and I'm sure this would also apply to the other four provinces—to move towards a value-added tax, even from the point of view of the government getting a better and growing source of revenue.