Mr. Speaker, there is no financial imbalance. Under our system, the provinces have the power to levy taxes, and so does the federal government. Because we were good managers, we reduced taxes by $100 billion, over a five year period.
During the same period, most provinces reduced their taxation level. If they are now short of money, perhaps it is because their priorities were wrong.
We succeeded in fulfilling our obligations as a government and also in reducing taxes. If other governments did not achieve the same result, let them draw their own conclusions.