Thank you, Chair.
Thank you to the witnesses. It's a great discussion this morning.
Mr. Kingston, I want to start with you. It's good to see you again. You'll recall that we met, I think it was in Toronto, during the pre-budget consultation back in the fall. I enjoyed listening to your presentation again this morning.
I have a question relating to your suggestion on a comprehensive tax review. You won't be shocked. We've heard this time and again. Just yesterday in fact, the Canadian Chamber of Commerce presented and asked the same thing. I wasn't on the finance committee when they recommended that we go down that path. I think we should go down that path, seeing as it was the 1960s when we last saw a comprehensive tax review—1963. I could be mistaken. We need to look at this.
However, I'm a bit perplexed, because any time the idea of a comprehensive tax review is suggested, it's left there. What exactly does that mean? Are we talking about simplification of the tax code. If so, in what areas? Are we talking about reducing taxes? If so, in what areas?
I would love some insight on that, because it's one thing to say that we need a comprehensive tax review, but what exactly does that entail? What areas would we look at? Are we talking about corporate taxes? Are we talking about small business taxes, personal income taxes or all of it? This is a big question mark for me.