Thank you for the question. You raise a very important point.
As you know, we explained a year ago that it was important for our government to review how our tax system worked. We determined that it was necessary to look at every single measure to make sure that it was fair and effective and did what it was meant to.
We have looked at a number of considerations over the past year, and we determined that the public transit tax credit was originally meant to increase the number of people who use public transit. The idea was also to generate a positive environmental impact. In view of that, we determined that the measure was not effective because, in actual fact, it was not serving its purpose.
We therefore felt that it was more important to invest in public transit networks across the country in order to actually encourage more people to use public transit and thus benefit the environment. For that reason, we took a long view and invested more than $20 billion in public transit networks.
We intend to work with municipalities and provinces to identify projects that will produce the necessary benefits. That is our goal. We will continue to assess measures to make sure that they are working and have a place in our tax system. In this case, we found another way to achieve the same goal and have a greater impact on Canadians.