Mr. Speaker, I will follow up with a question on manufacturing. When the Minister of Finance answered a question in the House, he talked about the capital cost reduction allowance. The government has only moved on two years of the recommendation of the industry committee, of which I was a part. This is a very grievous situation. It should have been five years. Many companies have already made decisions about their original capital purchasing. They will benefit from that, which is fine.
We wanted to get the third, fourth and fifth year investments. After that, there was to be a review for a potential extension of five years. This would send a strong message. An important distinction is the equipment would get on the plant floors in the manufacturing sector of Ontario and Quebec and the rest of the country because of the capital stay, as opposed to a general corporate tax cut where that money could move offshore, as it has been doing historically.
What does my colleague think of the fact that the minister has completely disregarded this aspect, which hurts the investment strategies that need to be made today to protect jobs?