Thank you.
Your first suggestion is to exempt owners of small rental units from the measure. Otherwise, you say that we could look to what is being done in other OECD countries, where the inclusion rate decreases depending on how long the building has been owned. People who use that income as a pension fund would be exempted. We will suggest these solutions to the government and try to bring it on board.
At the moment, there is a $250,000 threshold, below which the inclusion rate remains at 50%. You've clearly shown us that this is insufficient for most of these people. They can't claim the $250,000 deduction every year, but only when they retire. They get it only once.
If we wanted to adjust the $250,000 threshold for a once-in-a-lifetime sale, how much should we set it at to properly protect your members?