Thank you very much.
Mr. Gary Simonsen,
your first recommendation presents a problem, I think. In terms of taxation, your recommendation does not work. You want to make recaptured depreciation tax-free while allowing the crystallization of $400,000 of capital gains deductions for a Canadian controlled private corporation. In fact, you are asking us to promote speculation.
That is how I see it. In terms of taxation, this furthers speculation. I think this is extremely dangerous, especially considering the housing market bubble in Vancouver.