Thank you, Mr. Chair and welcome, everybody. Good morning.
I'll go first of all to the honourable former minister, Mr. Marchi. You commented on competitiveness and what I would call both regulatory layering and regulatory uncertainty, which tend to both slow down and defer decision-making by companies and private investors. They are things I've often thought about and been very cognizant of.
On page five of your submission, you talk about an appropriate response to what the United States did earlier this year. I want to look at it holistically. If you were a company, two years ago you had no incentive to repatriate your capital back to the United States. Now you have a very big incentive to repatriate capital and retained earnings back to the United States. Once you do, you can invest it and get a full writeoff in year one, and so forth. We need to think about that.
Out of the measures you've put down here to promote Canada's economic competitiveness, where would you rank accelerated capital cost allowance and changes to that measure, versus the other ones you've listed?