Senator Gold: Thank you for the question. I will have to look into that. As you correctly point out, the incentives are not in this bill. This bill is about two things: It is about getting money into the hands of 11 million low-income and moderate-income Canadians as quickly as possible in order to help them with rising costs, and, of course, getting money to the provinces and territories dedicated to health care. Whether these measures and others will appear in other bills, if they are to appear, I will have to make inquiries and get back to you on it.

Hon. Frances Lankin: Senator Gold, I’m interested in a provision included within the budget that speaks to the possibility of employee ownership. It provides the structure for a group of employees to buy out a small company — in many cases where the owner is retiring and is going to sell the company.

We’ve heard from people who have worked on developing that proposal that similar provisions exist in the U.K., the U.S. and other places, and that they are very effective in drawing future and more investment into the economy, as well as effective in boosting the economy. However, there needs to be a series of incentives that are in there for the benefit of the owner who is selling. Otherwise, it is “sell today and get your money today.” If it will be paid over a period of time, which employee ownership provisions allow for, there has to be an incentive for this to work most effectively for the owner, for the employees and for the economy.

Can you comment on the government’s position with respect to such incentives? They are not included in the bill, and it is not clear to us that the provision will be effective without them.