Mr. Speaker, I would like my colleague to be a little more creative. The budget provision that prevents Canadian companies from writing off interest when they buy foreign companies is completely appropriate.
If we allow them to deduct interest, we are authorizing expenses that reduce their income taxes. If they acquire foreign companies, it makes sense that their interest costs should not be tax deductible in Canada. That would enable them to reduce their income taxes and opt out of social equity.
Likewise it does not make sense to allow foreign companies to buy domestic companies, such as BCE. We have to intervene and table a bill to oppose that kind of takeover. We have the right to protect our Canadian enterprises and prevent foreign entities from acquiring our companies. We have the right to do that.
If the member is asking for our support in preventing the Conservatives from selling off all of our companies to foreign interests, he should know that he has it, no problem. The Conservatives want a free market everywhere. The Liberals are creating the same problem by saying that we should let everyone buy up lots of foreign companies, make a profit somewhere other than in Canada, and, moreover, not deduct interest or expenses. This is completely backward. If they protect our Canadian companies and table another bill to prevent the kind of takeover that is happening in BCE's case, they will have the Bloc Québécois' support.