Thank you, Mr. Chair.
Minister and Mr. Rochon, thank you for being here.
Since we are talking about the budget today, we also have to talk about income. I am referring to the Income Tax Act, which falls under your authority. Bill C-63 includes dozens of pages of amendments to the act.
I'd like to ask you about Canadian direct investment abroad. Among the top 10 countries where Canadians invest the most, Barbados ranks third, Luxembourg ranks fourth, the Cayman Islands ranks fifth, Bermuda comes in six, the Netherlands is seventh, and, the Bahamas is in ninth place.
I am especially interested in the third country on the list, Barbados, where Canadians invested $68.3 billion in 2016.
Can you, as finance minister, give us an idea of the type of investments that $68.3 billion represents?