Mr. Chair, as I was saying, we have taken a number of steps to reduce the tax compliance burden for Canadian businesses.
We are amending the Canada-Ontario tax collection agreement to provide for federal administration of Ontario's corporate taxes and implementing administrative and service improvements by the Canada Revenue Agency.
We have made tangible progress in implementing the red tape reduction action plan, including the one-for-one rule. We have already saved Canadian businesses 98,000 hours in time spent dealing with red tape.
We have frozen EI premiums for three years.
We have fostered an innovative economy by providing more than $11 billion in new resources to support basic and applied research talent development, research infrastructure, and innovative ideas.