Thank you for your question and comments, Mr. Sorbara.
I think that it's fair to say that when we came to power in 2015, Canada's economic situation was significantly different from the situation today. The country was practically in a technical recession. Our investments, our support for small and medium-sized businesses and our tax cuts for the middle class have helped move the economy in a positive direction. I obviously share the sentiments and agree with the observations that you expressed in your question, and I echo them.
This is what makes Bill C-82 good. Together with our G20 and OECD partners, it will implement one of the recommendations and measures proposed in the base erosion and profit shifting project, or BEPS project, to prevent companies from treaty shopping, in particular through the principal purpose provision. The goal is to avoid double taxation but also double non-taxation. We must ensure that the companies pay their taxes when they need to do so. The principal purpose provision is fundamental in Bill C-82, the multilateral instrument before us today. I think that it's a step in the right direction, and it will ensure that Canadian companies pay their fair share.