As I said, the vast majority—90%—of the revenues are recycled directly to Canadians in jurisdictions where the federal system applies, and according to the Parliamentary Budget Officer, today eight out of 10 Canadians are better off. They get more money back from the federal government than what carbon pricing is costing them.
It is about sending a price signal. It is about ensuring that we move away from our dependency on fossil fuels towards public transit, towards electrification and towards clean technologies. That's the very purpose, the very nature of the carbon pricing system.
The other 10% of revenues is sent back to municipalities, indigenous communities and small and medium-sized businesses through either bilateral agreements or government programs.