Thank you very much, Mr. Chair.
I will start with the people from ACTRA, an alliance better known by its English acronym.
Mr. Waddell and Mr. Benskin, welcome. I want to thank you once again for your contribution, which is one of the most important in these deliberations. I recall that, last year, you made a plea for an income averaging system for tax purposes to benefit artists. They must have to deal with huge fluctuations in income at times. This kind of income averaging was already allowed in Quebec, and you asked that it be implemented elsewhere as well. Today, you again provided the committee with one of the most interesting reports. You reminded us that when it comes to creating jobs and wealth, culture is one of Canada's most valuable sectors.
I am going to try to understand one part of your analysis. I want to be sure that I have understood it properly. You call for incentives for the private sector. Right now, the most profitable companies enjoy the highest tax cuts. That is obvious. Are you telling us that the richest companies are the ones that need it most and should receive huge indiscriminate tax cuts while companies that are not profitable get nothing?
Are you making a case for these types of investment incentives for private companies in order to create more jobs, which would be the most productive approach? That would be similar to what was done in Montreal in the cases of the companies you mentioned, in video gaming, for instance. Those are precursors in North America. Is that the idea behind your recommendation for further incentive measures benefiting the private sector?