Thank you very much for the question. Merci beaucoup.
Yes, our understanding from a number of reports is that the majority of the tax will be passed back to consumers. Consumers are going to see the full amount of any increase, and the decrease will be in small amounts that will be hard for them to distinguish. Overall, it is estimated, according to a report by TD Economics, that there will be a permanent increase for consumers but that it will be very small. It will be 0.4%, which means that for every hundred dollars spent, there will be an additional 40ยข. With a gain of 591,000 jobs estimated by C.D. Howe, that seems to be a very reasonable price.
The amount of the tax that will be returned overall is, of course, impossible to predict upfront. But based on the studies that have been done of what happened in the Atlantic provinces, approximately 80% of the tax savings for businesses will be passed back to the customers.