Well, my light seems to have gone on, so I guess I get to start.
We presented a brief about two and a half years ago with regard to reforming the Canadian tax system. I covered a lot of different things, but one of them was business taxation. At the time, we talked about reducing the corporate tax burden and some other adjustments. For example, I think the step between the small business tax and the full corporate tax rate is too abrupt a step. I'd like to see a scaled step.
As a general principle, for a country that's facing what's going to be a strong currency for a long time to come, we have to find ways to allow our business community to become more competitive going forward and to keep attracting our fair share of overall global investment.
So we're on the record talking about reducing business taxation, of which the corporate income tax is one piece. There are some other things in the brief, but I won't go on about that now. However, I think that responds to your question.
We have to be very mindful that we're now competing in a world where our dollar is going to be more or less at par, frankly, from here to the horizon. We actually have the dollar breaking through par with the U.S. dollar sometime in 2011. One can resort to specific tax measures or deal with the overall rate of corporate taxation, but I do think that we're on the right path, in fact, to reducing the burden.
It will require us to tax other things, such as carbon—and we can talk about that if you wish—but our brief is there for all to read and we're certainly in favour of reducing the overall corporate tax burden.