Thank you, Mr. Chair.
I would like to thank all of the witnesses, of course, but I do have to acknowledge Ms. Lamb from Kamloops, my hometown.
It's really great to have you join us from not just British Columbia but Kamloops.
First of all, to Mr. Parachin, I really appreciate your comment regarding the definition of gifts. I think it's something that makes perfect, logical sense. If we're struggling with the definition and it's creating a lot of challenges, then I think that's an important point.
Maybe I can let the academics debate this a little bit, but I think Mr. Reed said that tax credits had a modest effect at best. I think we heard from the research coming from Ms. Lamb that it seemed to have some significant impact in terms of giving. One of the critical things we need to understand is the effectiveness of the current system, so perhaps you could elaborate and we could have a bit of back-and-forth on that issue.