Mr. Speaker, it is an honour to ask my colleague from Oxford, just south of my riding. He does such a good job of representing that area.
He mentioned a couple of things in his speech about the tax rates being low. Members understand that currently a family of four is paying $3,500 roughly less in taxes than it was when we took office. I get a lot of appreciation for that in my area. As well, the seniors comment about pension splitting and how that benefits their bottom line.
What I took note of in my colleague's speech was when he talked about our government's research, development and innovation agenda. I have the honour of having Conestoga College in my riding, which is partnering with industry to have research done at the college so it can help the industry with the innovation and commercialization of some of its new ideas.
Would my colleague comment on the importance of the innovation, research and development? Our colleague from Cambridge, the hon. Minister of State for Science and Technology, has made some incredible investments in that.