Absolutely. I think that was a very positive legislative change. I think it was budget 2013 when that came about. I just think of the famous UBS Geneva case. There was a U.S. Senate investigation that revealed Canadians had stored in this one bank $5 billion offshore. We've never seen a penny of that, nor have we seen disclosure of the clients who have these undisclosed offshore accounts. In any event, the reason the Americans were successful is because one banker was paid a reported $100 million by the IRS to assist with the investigation, and that led to billions of dollars of deferred-prosecution fines by the U.S. Department of Justice. It's just one example of how successful the whistle-blower program can be. I think there's some evidence already in Canada, despite the fact it's so new, that it's helpful.
On June 7th, 2016. See this statement in context.