Mr. Speaker, I want to thank my new colleague for his excellent address on small businesses and their workings in Brant.
However, I would like to point out to him that I attended a breakfast here at the Canadian Chamber of Commerce in March. Its economist said quite clearly that lowering corporate taxes was not the incentive that businesses use worldwide for locating in particular places. That was said very clearly.
As well, the other point I would like to make is that most of the corporate taxes paid in Canada are paid by corporations that are exploiting resources traded in world markets. Therefore, those prices are not changed by the tax rate.
For a corporation producing oil in this country and selling it at a world market price, the corporate tax rate does not change the cost of that oil to the consumer. There is no change to that cost, because it is a world market price. In Canada, therefore, the largest sum of corporate tax breaks does not pass down to the consumer.
I would like my hon. colleague to comment on that.