Thank you, Mr. Chairman.
Welcome to our witnesses.
To CREA, I think most of my colleagues, on both sides of the table, have been lobbied by your organization. I would like to say at the beginning that you do a very good job. You focus in on a couple of issues. You drill down into those issues. You explain them well. And when you come to the table, you have a direct ask instead of a whole basket that you want filled. Keep doing that, and after a while it will work for you. We hope.
You mentioned the statistic that the resale housing industry is worth $22 billion in Canada. That's a lot of money.
Your specific ask is for the deferral of the capital cost allowances for tax purposes if you reinvest that. What you don't have here is how long a period of time you would have to reinvest that. Would it be a third of a year? Would it be six months? Would it be a year? There has to be some type of a timeline on it.