Mr. Speaker, I thank my colleague for her question. In the wake of the government's announcement, we voted for the budget. We believe that some tax loopholes must be closed.
But there are major financial implications. The budget implementation bill will be introduced shortly. I am very anxious to see how the minister will clarify the issue in his speech on Monday.
The government's announcement has caused an outcry, and companies' reactions are having a significant economic impact. People need assurances that the part that enables companies to compete internationally is good. However, tax avoidance looks like a business subsidy. We therefore need to find a way to address this issue.
I will give an example. A small business in my riding won a $30 million contract from England, but may have to buy a small company there to manage operations. In a case like this, interest deductibility is valuable if it helps the business grow. It could also have negative consequences, though, and I do not need to mention any examples of that here. This is what we must prevent. That is why it will be important for the committee to seriously examine the budget implementation bill and for the government to make a serious proposal.
Once the bill is introduced, no further amendments can be made on this issue. Let us hope that all the necessary consultations will have taken place and that if we take different positions, we will find ways of ensuring that the final answer benefits Canada's economy but still produces satisfactory tax fairness. The measure announced in the budget is interesting, but the message is not clear and is causing an outcry. We need to find a solution that gives us the tax fairness we want.