Thank you for the question.
We will maintain our business tax reductions. We introduced that program of tax reductions in the fall of 2007. We have followed through and stayed the course on that. That was cited as one of the major reasons why Canada is viewed as the best place to invest and create jobs in the world.
We have a moderation of our business tax rates. When we took office back in 2006, the federal corporate tax rate was slightly in excess of 22%. As of January 1, less than 60 days from now, it will be 15%.
In the fall of 2007 I encouraged the provinces to join us in this by reducing their corporate tax rates to 10%, in order to brand our country as welcoming to business and investment from both within our country and outside of it. The majority of the provinces have joined us in this effort. So by 2013, generally in Canada businesses will pay a corporate tax rate of 25%. This is a tremendous advantage for our country. It's one of the reasons we have had the job creation we have had in Canada.
The deficit reduction--