Good morning, Mr. Chair.
My thanks to the witnesses for joining us today.
My first question goes to Mr. Sellick.
Since Canada has lost no fewer than 300,000 jobs in the manufacturing sector, you will understand why we want to encourage you to get those jobs back.
The CCA, the two-year capital cost allowance for manufacturing equipment...In my tax law practice, I have noticed, in terms of lifespan, that it is generally only a matter of two or three years before new equipment has to be modified. The fact that the duration of the allowance is two years simply recognizes that, in a modern economy, the shelf life of a piece of equipment before it is modified is about two years.