Thank you, Mr. Chair.
Gentlemen, thank you for your presentations today and for taking the time to share them with us.
I have a number of questions for several of the speakers. I'd like to start with Mr. Schmeiser with the North American Equipment Dealers Association.
I take your point about the harness and sleigh equipment being still included in the Income Tax Act. We certainly need to update that legislation.
I heard your proposal to increase the CCA rate on certain types of farm equipment from 30% to 40%.
What is the average life of a new piece of sophisticated machinery like a $300,000 combine?