Thank you, Mr. Chair.
My first question is for Mr. Williams.
Last week in Toronto, the Standing Committee on Finance held pre-budgetary consultations. One of the witnesses spoke of a program which is a little bit like the one you are proposing today. The purpose of the program is to retire vehicles that are about 15 years old, that are gas guzzlers and that pollute heavily. Unfortunately, I can't remember either the witness's name or the name of the program.
He said that 15-year-old vehicles would be retired, but that the owners of vehicles zero to ten years old could register in a program for buyers of second-hand vehicles. This seems very complicated. And the way I explain it also makes it quite hard to imagine. Buyers purchasing new cars would get credits in exchange for their old cars. There would also be credits for the buyers of cars that are under 15 years old. In his opinion, the automobile retail associations could manage the program.
Have you heard of this program?