Our proposal does that and more. We estimate that in the aggregate our proposal could help credit unions make another $700 million in loans at the cost of a $66-million aggregate tax credit. In my credit union, that means another $20 million for small businesses and homeowners.
From these numbers, you can see how our tax proposal aligns with the federal government's effort to ensure continued economic prosperity through targeted tax relief and support for small business.
To conclude, we hope you will support our call for a capital growth tax credit. We think it's the right way to achieve a competitive balance in the tax system, help small businesses, and support the growth of the Canadian economy.
Thank you for your time. I'm certainly happy to answer questions.