Mr. Speaker, the short answer is yes, it would. It would depend how it is implemented.
Right now, the way it works is that if a prospectus is approved in each Canadian jurisdiction, there is a fee levied by each province. It depends a lot on the fees implemented by the individual provinces, and that is another issue.
Those fees and taxes would have to be built into any type of a national program and those fees would have to be spread out among the provinces. It would have to be revenue neutral. I think every province would want that. To answer the question, yes, that would have to be built into the system.
Going back to the smaller provinces, it is my understanding that they basically adopt whatever opinions, decisions and directives that come out of the Ontario system. It probably makes a lot more sense in the long run if we would just formalize what is going on in the street at any particular time.