Mr. Speaker, in fact, there is a very serious fiscal imbalance, and that is one of investing in our communities and cities.
In my city, the city of Toronto, there is a desperate need for federal investment, whether it is infrastructure in highways like the QEW, or in public transit, or in the city itself so it can deal with some of its emerging needs.
In Montreal in the summertime, for example, a whole section was closed because of the crumbling infrastructure. It was really serious, and it is not only in Montreal. I have seen it in Ottawa as well. A stadium has had to be sectioned off, again because of aging infrastructure.
We have a very low corporate tax rate already in all the G-7 countries. We are lower than Japan, Italy, Germany and the United States. Instead of reducing the corporate tax rate any further, would it not make sense for the federal government to transfer more funding to different provinces as well as dramatically increase investment in infrastructure, especially municipal infrastructure?