Thank you, Chair.
Thank you to the witnesses for being here today.
I want to go back to Mr. Soderstrom. You mentioned some very interesting points. You have, obviously, been studying this for a lot longer than I have.
I wonder what effect of equalization should be contributed to regionalization. When you look at places like Alberta, GDP per capita is 185% of that of where I come from on Prince Edward Island, and the personal income in Alberta is about 160% more than it is on Prince Edward Island.
You talked about erroneous provincial claims and cost sharing with the provinces. You mentioned tax points.
Could you expand on that comment relative to tax points and how effective that is on the equalization formula?