Thank you, Mr. Chair.
Thank you, Minister, for being with us.
Minister, as we know, the CRA approved $4.9 billion in writeoffs for the 2023-24 fiscal year. That was the highest amount disclosed over the past nine fiscal years. The breakdowns indicate that the value of the writeoffs is heavily weighted towards a small number of large cases.
I'm wondering if you could explain for us what factors explain the increase in CRA writeoffs for that year. Can you explain why the value of the writeoffs is so heavily weighted towards large cases?