I would like to come back to the answer the people from the Department of Finance gave.
I was not very happy with their comments. As a result of the analysis of the program adopted by the United States, Mr. LeBlanc mentioned that there would be no rehabilitation projects without a tax credit. This comment was based on his personal interpretation, and I thought it was a bit clumsy for him to say that. Between zero and one hundred, there is a world of difference. In any event, we are not here to put Mr. LeBlanc on trial.
From your answer, I understand that, at the end of the day, this tax credit would have a positive impact on the economy. According to your very simple and realistic calculations, a percentage of 20% of eligible expenditures for a given project means that at least 80% of the expenditures would be injected into the economy. Also, other fees are not considered in the eligibility review.
Let me ask a technical question. You said that historic buildings generate revenue. Is it revenue for the government or for owners and developers?