Finance committee  Thank you for your question. Again, as I said before, the industry needs predictably and certainty. While we were encouraged by the minister's comment, we haven't seen anything concrete, so we're really looking toward some concrete measures on this. As I said, the legislation is flawed.

Finance committee  Maybe I can just chime in on that. It's absolutely right, what David said. It is in every region of the country that we're going to see the impacts. You often think of the larger OEMs, but you have the engine makers who put their engines on those planes. You have the landing systems that David talked about.

Finance committee  Thank you for your question. Absolutely. I think you mentioned the economic impact assessment. We're very concerned with the understanding that it hadn't been done, again just by the results we've seen by going out and surveying our members. It's 1,000 jobs and a billion dollars lost in revenue.

Finance committee  Thank you.

Finance committee  Thank you for the question. I would just say that part of it is the manufacturing, but one part that's also there is the maintenance, repair and overhaul on those used planes. There's a segment of the supply chain that would be impacted regardless. David is right. There is a personal use benefit taxation already in place, but when you place the tax on manufacturing and then indirectly on the maintenance, repair and overhaul, what we're hearing from companies is that it might be easier just to operate these planes out of the U.S.

Finance committee  That's a great question, MP Baker. Thanks for that. With respect to investment, we're definitely looking at innovation across the board. We've seen phenomenal increases with our industry with respect to green aviation. That's a big focus. With respect to defence particularly, there are huge opportunities with respect to NORAD modernization and with our NATO contributions.

Finance committee  Thank you.

Finance committee  Thank you very much for the question. I really appreciate your support for the industry and your interest in it. We're going to provide a written submission to the committee, but maybe just at a high level, these are some concerns that we've seen with the bill as it is. Our first point would be let's remove aircraft from it.

Finance committee  Excellent. Thanks for the question, MP Baker. I must say that we really appreciate the support you've given us specifically. We had companies trying to respond to the needs in Ukraine, and I know that you were instrumental in helping connect some dots for us. It was all hands on deck and still continues to be, so I want to thank you for that.

Finance committee  Thank you, Mr. Chair. Good afternoon, everyone. It's a real pleasure to be here on behalf of the Aerospace Industries Association of Canada. Our members represent over 95% of aerospace activity in Canada, covering the civil, defence and space sectors. I'm especially happy to see that David Chartrand is also appearing today.