I don't know that I would point to specific ideas about incentives. It's more a general perception that this is an industry that's worthy of support.
What we're seeing now is this disjointed transactional treatment of the industry. Our coalition exists because of one of those incidents: The tabling of this change to GST purports to treat digital asset mining like some kind of obscure business that needs to be treated almost like a pariah within our economy. The GST is not an instrument of moral determination; it is an instrument of taxation. If you do something for profit or revenue in Canada, you should be taxable and be able to claim input tax credits. The Department of Finance seems to be going out of its way to come up with an obscure solution to what it perceives to be some kind of a problem with the industry.
We are at an important time. We've talked about the possibility of having a larger meeting of industry in Ottawa and getting the associations together. There are some associations. The coalition exists because there wasn't an association that was specifically advancing the interests of digital asset mining in Canada, so we have this coalition. Those things are starting to happen now.
If this one specific tax policy is allowed to stand and be implemented.... The companies in the coalition are all being courted by Oregon, Texas, upstate New York and Arizona to bring their operations there. This is becoming a highly competitive environment.
Canada has all sorts of natural benefits. We have clean power, the rule of law, a cold climate and talented people to fill those jobs, yet we don't seem to be able to get out of our own way to allow these businesses to flourish. There probably are a suite of specific policies that could be developed to promote the industry.
It starts with government believing that it's an industry that needs to be supported. As others have said on the panel, that requires education, and a bit of seeing the industry differently by looking past the headlines and avoiding the lazy opinion-making that the chair mentioned earlier. That's happening all too often in the industry here in Canada.