Mr. Speaker, we clearly do not want to take away the ability of Canadian companies to be competitive and create jobs in a tax environment that would be beneficial to them. Still, Canada must determine how much it can actually afford to reduce taxes for the most profitable companies in the country. We are not talking about small or medium-sized companies, which will be burdened with additional employment insurance contributions. We want to maintain a degree of flexibility in Canada so that help can be provided to Canadian families. Major corporations do not need that help right now, and we are not in the financial situation to be able to offer these tax cuts.
In the House of Commons on February 8th, 2011. See this statement in context.