Thank you very much for the question.
It's a very good question, and those are very good comments.
I'd like to thank you, Mr. Ste-Marie, for your support for our industry, in addition to that of your colleague, MP Savard-Tremblay, who is on our parliamentary aerospace caucus.
While I'm thanking people, Mr. Chambers, I thank you too for moving that motion, because we were very concerned with respect to not knowing the clear economic impact of this tax from the government, which is what led us to go out and get an independent study done by HEC Montréal and Professor Roy.
The results were even worse than what we had predicted. We had gone out to industry, and we did some consultations, just in trying to get a sense of the impact. I think that was before the committee report predicting the potential for over 1,000 jobs being lost, but the report came back and was showing over 2,000 jobs being lost because of the tax.
I don't understand the rationale behind this kind of tax, because it's a tax on manufacturers. It's a tax on those producing the goods versus a tax on those who are using the goods, as you've pointed out.
As I said before, we were very grateful to the government for putting money in budget 2021, which is needed and is being accessed by industry, but then, on the flip side, it's counterproductive to put a 10% tax on aerospace products. As I said before, lots of times folks think of the aerospace sector as being predominantly in Montreal, but it's right across the country. We see the impacts of the tax, and they're going to be spread right across the country. We have companies in British Columbia, companies in P.E.I. and companies in Winnipeg and right across the board here.
We're very concerned about the impact of the tax. We're very concerned that the government did not do an economic analysis before bringing the tax into place. We're eagerly awaiting some of your deliberations on that matter.