Thank you very much, Mr. Chair.
I want to thank all of our witnesses for their presentations.
I will first go to Ms. Tedds.
I'll do it in English because I know the distance from translation might be problematic.
I'm looking at your presentation, which seemed to be well researched. You talk about two issues: the GST credit and the flow-through shares. Both of them are actually tax expenditures in their own way. They are basically a way for government to provide some benefits to groups or individuals that decrease their revenues, correct?