Mr. Speaker, the calculation is made province by province depending on the particular circumstances. As an example, New Brunswick Minister of Finance Mr. Blanchard estimated that an average family of four in New Brunswick would save between $225 and $250 per year.
Similar numbers could be given for the provinces of Nova Scotia and Newfoundland.
In addition, consumers will benefit enormously because they will no longer have the cascading effect of embedded taxes built in which are the real hidden taxes consumers will no longer have to pay because business will be getting the input credits. In fact, consumers will be the great beneficiaries of all of this.
Another thing which is very important to note is that this is going to increase jobs in Atlantic Canada. The fact is that consumers buy because they have jobs. This is the best structural thing we could have brought to the maritimes.