Thank you, Mr. Chairman.
It's rather ironic, but after the Conservatives' announcement, I saw the same incredulous expression on the faces of investors in my riding as I had seen in 1994 when the Liberal government announced its plans to continue restricting access to employment insurance. Two groups at opposite ends of the income spectrum reacted in exactly the same way.
Let's assume that the transition period is extended from four years to ten years. Indeed the total amount of federal government tax revenue lost every year, namely $500 million, could be multiplied by six. However, in reality, isn't that a rather simplistic way of looking at things? The losses associated with extending the transition period from four years to ten years could be higher, or lower, than $500 million per year. Agreed?
I put the question out there for anyone who might care to venture an answer.