Mr. Speaker, the position the government has taken and one that we took with the budget is one that respects the jurisdictions of both levels of government. In fact at two successive meetings with the ministers of finance we discussed this very subject. There were no complaints. We recognize very clearly the absolute necessity of working together.
In terms of what we did in the budget within our own field, we began quite a profound restructuring of corporate taxation. We eliminated a number of abuses where companies were not paying tax on foreign passive income. We examined the number of expenditure openings, loopholes, exemptions and closed them.
As a result of our budget, we have re-established a substantial portion of fairness within our fiscal system.