Thank you, Chair.
Notwithstanding what the opposition member just said, I would add that credit unions still have access to the lower small business tax rate. That has not changed. We're simply eliminating an outdated tax subsidy from the 1970s when the tax system was very different from what it is today. I would add that no other small business receives this special tax subsidy. Quebec eliminated a comparable subsidy in 2003, also recognizing that it was no longer fair under the current system.
As everybody knows, our government continues to be a strong supporter of credit unions. We're creating a federal option for credit unions to help them grow.
Thank you, Chair.