Thank you.
Can I have a follow-up?
The source of funds is very important for my residents. People go to work every morning. They save their money to make a down payment on a home. To me, there seems be something offside with the idea that foreigners, or people coming from other parts of the world, can come here to purchase a house and don't have to disclose the source of their funds, or are protected from doing that, while Canadians work hard and save their money to purchase a home....
With regard to beneficial ownership, I do agree that we need to move forward in a balanced manner between the protection of privacy and disclosure. My personal feeling—and maybe it will change during this study—is that the pertinent authorities should have the right for disclosure, but the general public, in my view, should not.
I would like to hear some brief comments on what other jurisdictions are doing on beneficial ownership in terms of protecting the rights of people who do undertake risk, invest, and create wealth versus their rights to privacy.