I am a bit surprised by the fact that, even though you state in your notes that the activity has moderated in recent years, you are unable to put any figures on this reduction. More generally, what is the size of the tax avoidance problem in Canada at the present time? Are these changes going to close 5%, 10%, 20% of this loophole? What is the total size of the tax avoidance activity that you have been able to identify, for example with the bill on interest costs deductions, this one and other measures? Could you give us a general idea as to how much of the problem Bill C-33 will solve?
On June 5th, 2007. See this statement in context.