Mr. Speaker, specifically, this manufacturing accelerated capital cost allowance is exactly the type of thing that will help the forest industry. It will be able to make investments and it will receive obviously some assistance or accelerate the depreciation on this equipment, which is badly needed.
Our government has also recently invested $400 million in the forest industry: $200 million to help them cope with the pine beetle problem, and another $200 million to help restructure the forest industry to ensure its long term competitiveness.
I am very proud to say that this is an unprecedented commitment. We have not seen these types of investments in the forest industry for many years. The industry itself, under FPInnovations, will be prioritizing these funds. It has brought research institutes together to decide where to best invest this money. This investment was strongly supported by the Forest Products Association of Canada and all the players. It was very well received.
These are the types of specific investments that we are making in the industry that will show results and ensure that we have a long term sustainable industry in every corner of the country.