Madam Speaker, I recognize the work that my colleague did. I also recognize the vice-chair of the industry committee, the member for Kelowna, who carried an issue for us at committee. In fact, there was an issue on which we found a lot of common ground in committee, even if we did not always agree. I know members of the Bloc and the NDP wanted to expand the exemption for charities to all non-profit organizations. Even though there was some disagreement, I thought there was a very good spirit in the committee in general.
With respect to the member's specific question about registered charities and the effect the bill might have on them, that is one of the reasons why I think the committee decided to put in a three year review. It wanted to see the effect of the bill not only in terms of how it works but also its effect on charities. The quote I read from the two groups that appeared before committee illustrates the serious impact it may have on these charities and we obviously want to mitigate that.
I have a lot of sympathy for expanding or increasing the charitable tax credit. How much, I do not have that specific information. It is interesting that our political tax credit is more generous than a charitable tax credit. For many years I have thought that should be equalized. A charitable tax credit should be as much as a political tax credit.