Mr. Speaker, once again, the NDP is really out of touch on this one. The credit unions will continue to have access to the small business tax rate on the same basis as every other small business in Canada. The additional deduction is an outdated tax preference and is no longer necessary, due to changes in the small business tax rate.
So out of touch is the NDP that it did not even realize that Quebec eliminated special access for credit unions to its reduced provincial tax rate in 2003.