Mr. Speaker, this will be like shooting fish in a barrel. First, I thank the hon. member for his softball question.
In terms of the deficit, according to German, U.S. and U.K. accounting standards, Canada is in a deficit right now. By Canadian accounting standards, we are cruise controlling to deficit. The only way the government narrowly averted that was by deferring some corporate taxes to next year. It was not a tax break but a deferral to try to avoid that. Don Drummond, the chief economist of TD Bank, referred to it as fancy bookkeeping.