Mr. Speaker, the tax system in this country is based upon the economic useful life of assets, and they are depreciated according to those schedules. We are not in the business of competing with the United States, which has an accelerated rate of depreciation, unless and until we are in situations where we have a competitive tax rate as we do now. We have a tax advantage vis-Ã -vis most states in the United States and we intend to keep that tax advantage.
In the House of Commons on February 21st, 2005. See this statement in context.