Madam Speaker, as my colleague is a long-time parliamentarian, he would understand that in the last five to 10 years, the world economy has expanded and changed so rapidly, especially on the data side and in the technology base, that we are really running to catch up. If we look at businesses in the past, we see change occurred slowly and businesses, especially small businesses, could adapt to it in a meaningful way.
At the heart of this legislation is the idea of providing certainty in an uncertain world to small and medium-sized businesses, which really are the foundation of Canada's economy. The government should be able to provide certainty to small and medium-sized businesses, as it is a key economic driver in the country.
I am excited about this legislation, as it provides for a certain world in a very dramatically changing data period. That is why the bill is important. It will require amendments, though, as it goes down the road, because we will be playing catch-up for some time.