Thank you, Mr. Farber, for the presentation. I share my colleague's pleasure at having an expert in taxation with us today.
I'd like to explore the issues around equity in the context of heritage conservation.
We've been through a process of evaluating tax credits across the board with our government, such as a public transit tax credit, supports tax credits, etc. The opposition wants to criticize our government for having dialed these back. My understanding is that the real issue with tax credits is that it's those who can most afford to use them who will use them. Therefore, the most socio-economically advantaged Canadians, and quite often those who were already going to do something, will be the ones who garner the most benefit. However, those who are least socio-economically endowed don't have that opportunity, cannot take advantage of the credits, and end up no further ahead than where they were at the beginning.
I don't want to bring you down any path other than just.... Can you please explore the equity considerations around a tax credit approach to heritage conservation?