Madam Chair, the Income Tax Act has been under the minister's purview since the early 1960s. The Income Tax Act provides that Canadian advertising expenses incurred in foreign media are not deductible for income tax purposes. However, the act is extremely outdated. Today, we have companies that are deducting costs incurred for advertising with foreign web giants, specifically the big American groups that we are trying to avoid and that are often at the heart of the disinformation campaigns we are seeing today in our democracies.
Does the minister intend to reform the Income Tax Act to ensure that these tax deductions are no longer accepted?