Thank you.
Basically, the CTF has been in place for 10 years. It was created at the level of $100 million, and it has stayed at that level for 10 years. Just doing the math on dollar value over that 10 years, we calculate we're down to about $80.3 million. So to at least bring it back to that level, we just establish and maintain what was done 10 years ago. Plus, we're looking for stable funding. We're looking for a commitment from the government over five years so the producers can at least know how much money they're going to have.
The spinoff effect from this $100 million plus the approximately $140 million that comes from private sector is a factor of anywhere between six to one and eight to one. If the $100 million is maintained, it has a six- or eight-times multiplier effect on it. We're looking for that.
We're also looking not just for five years. We would recommend that this be an “A” item, a permanent fund to encourage Canadian production. I'm not trying to be flippant about $100 million, but it's not a huge investment for something that pays back economically as well as culturally.