Perfect, and we can hear you.
This is the beginning of our study on the structure of Canada's federal revenue-raising system. It's great that you're here to kick it off, and we're looking forward to your presentation and to the many presenters who hopefully will be coming before committee as we proceed through this study. We expect it will be very fruitful for the people of Canada as we do this on their behalf.
We have two presenters, Mr. Kesselman and Mr. Jim Davies, from the University of Western Ontario. We will start with Mr. Kesselman.
The floor is yours, and we are prepared to hear what you have to say to us.