Yes, thank you.
By virtue of the model or the intergovernmental agreement, and this was a very important point to Minister Flaherty, we would use the protections of the existing Canada-U.S. treaty on our own and our own protections. Under the Canada-U.S. treaty and indeed our other treaties, this information can only go to the revenue authorities, the IRS. It can only be used for the purpose of taxation and not for other purposes, subject to strict safeguards. It's also collected by our own revenue agency for transmission as opposed to having information being provided directly by Canadian taxpayers, financial institutions, to foreign authorities.
There's this whole architecture around the collection and sharing internationally or bilaterally of tax information that comes into play when you use the procedure that this agreement does. In addition to the other advantages that, Mr. Saxton, we talked about, I think this is a very important one and should not be lost sight of.