Chair, I think my questions are very relevant to Bill C-8.
With regard to money laundering, Transparency International has indicated that about $140 billion to $180 billion of foreign money laundering happens in Canada every year, primarily in Canadian real estate. We're suggesting that we're going to collect $150 million on a 1% surtax, a gross overstep, as far as jurisdiction goes, onto municipal taxes. That's what we're going to collect. It's one-tenth of 1% of the money laundering. Would it not be more feasible to actually enforce and strengthen our money-laundering laws in Canada?
Let me ask any official who wants to answer that, please, if that would be better advice to give this government.