Mr. Speaker, this would be good news for Canada. This would be good news for businesses and Canadians, because it would create a fair tax system. As I said in answer to the last question, this would work in conjunction with other measures this government has taken.
The hon. member mentioned Barbados. Barbados is actually one of the countries that is part of this agreement. The measures being taken would enhance our ability to avoid profit shifting and base erosion, which most people refer to as treaty shopping, to avoid paying one's fair share. This would be good news for Canadians. This would be good news for businesses that participate globally. It would keep them competitive while ensuring that our tax system was fair and able to deliver the programs Canadians need.