Finance committee  Thank you very much for the opportunity to respond to that question. Both proposals are very worthwhile, so it's a very difficult choice. On balance, when you're talking about the Imagine Canada proposal, talking about the stretch credit that was put forward earlier in your deliberations, I think that has broader ramifications to the donor base and would also encourage Canadians to give more, so it probably has a broader appeal.

Finance committee  I think he makes an excellent point. He's also a very good friend of mine, and I don't want to say that I'm not supportive. I'm hoping you will support all three proposals. I do think the disbursement quota is one that we have suffered under for a very long time. I took it upon myself to establish that committee at the Canadian Bar Association.

Finance committee  Thank you very much for allowing me to address you today. We are advocating abandoning the current approach to monitoring and supervising charities in favour of one that strikes a more effective balance between public accountability, on the one side, and allowing donors and charities the freedom and flexibility to effectively advance their charitable purposes, on the other.