Thank you, Chair.
There is one important element in this discussion that we haven't touched upon today. With the capital gains inclusion rate change, there will obviously be revenues directed to the provinces and territories in a significant amount.
One of the comments that I've heard is that this would impact doctors and so forth. We have seen, for example, the Province of British Columbia increase the pay of doctors considerably to deal with such issues. The provinces, including the Province of Ontario, where I'm an MP, will have the opportunity to use the funds they'll receive from the inclusion rate change to increase the pay of doctors.
I fundamentally feel that doctors, specialists, any folks in those occupations who have gone to school and invested in their human capital for many years deserve to be rewarded for that. They have a special skill in our society, and we need them. However, they shouldn't have to depend on, strictly or solely, capital gains to fund their livelihoods or their retirements. They should be paid commensurately.
I push it down the provincial line now as well. They will receive significant funds from the inclusion rate change, which can be directed into their health care system. In fact, on top of that, I was proud to be at the announcement with the Prime Minister and the Premier of Ontario, Premier Ford, where we announced a $3.1-billion agreement with the Province of Ontario and, on top of that, the $200-billion, 10-year agreement with all the provinces and the bilaterals we've signed with the provinces. That's the real work I believe Canadians want to see.
On this debate, I obviously want to get rid of surplus stripping. I want to get rid of tax avoidance strategies that are out there at this current time.
We need a system where integration is there. We also need a tax system—and I sat on the finance committee from 2015 to 2019—where we broaden the base, lower the rates and make it more efficient, more fair and more neutral. This is, to me, is one step in the right direction.
Mr. Cochrane, are my comments on the mark, in terms of making the system more neutral and fair with the inclusion rate change?