For the accelerated CCA, we believe strongly that this would be an important consideration for government at this point in time. It would allow Canadian businesses to replace their property. It would allow them to increase their efficiencies. It would allow them to remain competitive with their counterparts in the U.S.A. We believe in a made-in-Canada approach, but when the U.S. does something as out of the box as accelerated CCA, I think we do have to react to that.
As far as the small business rollovers are concerned, we believe this is a very important aspect for Canadian business if we want to keep Canadian business within the families. Currently there is a bias against transitioning within a family. There is an inherent double tax. The parent will pay tax and the child will pay tax on the exact same value. We think one way to ensure that we can keep our businesses competitive and keep them within the family is to allow for a rollover.
The third one you brought up was the tuition credit. So many families in Canada rely on the tuition credits to help fund the cost of education. With that, currently a child can transfer only $5,000 to the parent. We believe that should be the maximum of the tuition that is being paid. We also believe that the education credit should be reintroduced. It got removed in a recent budget. That is a big part of helping fund the cost of education. It creates an educated workforce and helps with Canada's competitiveness.