Yes. Thank you for your question.
There's no doubt that the actions taken by this government as well as previous governments of all political stripes, not only at the federal level but at the provincial level as well, have done a lot to enhance Canada's competitiveness, in particular Canada's tax competitiveness.
As we know, corporate income taxes are the most destructive taxes that exist from an economic policy perspective. They have detrimental impacts on productivity and job creation, on investment in general. Jack Mintz, for example, has done a number of studies to illustrate that, and there are also studies from Finance Canada, the OECD, the World Bank. Many organizations have shown the detrimental impacts of corporate taxes.
It's the combination of the reduction in the general corporate income tax rate and the elimination of capital taxes at the federal level. And a lot of provinces are almost there in terms of eliminating their capital taxes. There are very favourable capital cost allowance rates and the elimination of tariffs on imported manufacturing and processing equipment. All that has combined to result in Canada having the lowest effective tax rate in the G-7, and that in itself is going to provide a tremendous boost to business investment. We've already seen that in job creation in Canada on a going-forward basis.