I'm going to come back to the question of scope that was raised before in terms of our focus. Roughly 10% of our audit, or 14,000 audits, are focused at people with a high net worth doing aggressive tax planning, and at multinationals. That yielded $8 billion last fiscal year in audit impact. The other 140,000 audits were focused on small and medium-sized enterprises, and that effort yielded $4.5 billion in fiscal impact.
Roughly 10% of the audits are yielding roughly two-thirds of the effort. We definitely tend to focus disproportionately on the higher dollars, which tend to be with the high net-worth individuals.
In our approaches, we certainly have continued our traditional audit file selection that brought us to that $12.5 billion in audit impact, but what we're also trying to do to reassure Canadians is to take a broader brush. For B.C. real estate, in addition to increasing our traditional audit effort, we've also taken a look at the 500 highest risk real estate transactions, and we're going through them one by one.
With respect to offshore, we've selected the Isle of Man and three other jurisdictions. We're going through every single transfer to assess whether it's risky or it deserves our attention, and we're gathering more information on it. We're doing that because we want to report back to Canadians that at a risk assessment level we have provided 100% coverage.
I think that is a new approach that's being funded by the new dollars from budget 2016 and the appropriations you're voting on today. We're not only going to be getting that $500 million a year that we committed to, but we're also going to be covering entire populations that we deem at high risk to identify those who aren't compliant and initiate audit work.