Finance committee  That's correct.

Finance committee  It is a flat forgivable amount, so for that up to $10,000, that's forgivable, regardless of when the payment occurs, as long as it's before the end of the period, as you indicated.

Finance committee  That's okay. I can take that one. Under CEBA 3.0, that's not contemplated. The policy owners of the CEBA program are both the Department of Finance and Global Affairs Canada, and they've taken any further discussion on program evolution away with them.

Finance committee  That's correct. They're not part of the 3.0 version.

Finance committee  I do not.

Finance committee  I'm happy to do that. Actually, that is a program where we do have a fair amount of data, given that it's a little bit longer in the tooth, so to speak. In terms of average size, it is pretty close to the full $40,000 that is eligible. That's partially a function of the fact that the grant component is attached to that.

Finance committee  We're currently at a $55-billion notional cap for the program. As of noon today, we have disbursed $26.2 billion. There's roughly $30 billion in headroom from the notional cap of the program, but certainly we would be open to considering negotiating an increase, should that prove necessary.

Finance committee  Thanks, Mairead. Thanks, Mr. Cumming. We are now entering version three of the CEBA program, as you point out. The first version was launched in March. Subsequent amendments saw the 2.0, which expanded the eligibility in April. The third version, which I believe is the one you're referring to, will look at companies with a payroll of $20,000 or less from 2019, or companies that have non-deferrable eligible expenses from that same period, to allow them to qualify.

Finance committee  Thank you for the follow-up. I think everyone is working very stringently and as quickly as possible to get us through to that solution. Again, when you're working with north of 230 financial institutions, many of which have different platforms and different programs, the desire to get this out as quickly as possible in a considered and consolidated way so it's standardly delivered across the country has taken the time it has to this point.