Mr. Speaker, we have been working hard. in co-operation with most of the provinces and territories. to reduce the federal corporate tax, which was a little above 22% when our government came to office, to about 15% by 2012. We asked the provinces to move in the same direction to get their corporate taxes, those that have them, down to about 10% in the same time frame. It looks like the majority of the provinces will be there.
This is an incredible opportunity to brand our country as a country that does business taxes at about 25%. Overall, it adds to our advantage with respect to financial institutions. This is Canada's moment to take these kinds of steps to improve our standard of living.