Mr. Speaker, that structure was devised in the 1980s by the Mulroney Conservative government. That is the way the GST system was originally structured.
The fact is there is no ad valorem effect that the hon. gentleman describes. There is no increased revenue from the tax on tax effect when the price actually changes.
What we have dedicated ourselves to do is to ensure that any incremental revenues that flow to the Government of Canada from the high price of energy will be returned to Canadians through the kind of initiatives we will announce tomorrow.