Mr. Speaker, I have a question for my hon. colleague. Does he think that the tripling of this tax by the CRTC will not hurt the cultural industries and artists we seek to support?
I worked for the provincial government back in 1996 when the Ontario government passed the Ontario film and television tax credit. Back then it was Mike Harris's government, and the industry thrived. It grew tremendously. We are putting that at risk, making the industry more uncompetitive, by tripling a tax on them, so companies will not reinvest in Canada. They will make the decision to invest in productions in the United States, not here in Canada, supporting Canadian industries, supporting Canadian artists and telling Canadian stories.