Thanks for that question.
Through the chair, $250,000 is the threshold for the tax. A $250,000 boat could be a wakesetter boat, which is a sport boat that people would use for waterskiing, surfing or wakeboarding behind. Those boats are very much in that range. They could easily be an aluminum 28-foot to 32-foot fishing boat that has some electronics on it and power behind it. Those boats could easily exceed $250,000. These are not necessarily yachts.
When the Financial Post and the National Post did articles talking about boats over $250,000 when the proposal of this tax originally came out, the picture they attached to article was of a vessel that was probably $2.5 million or $3 million. This is not the case. These boats are family boats.
On the west coast, particularly when people go out for the weekend and sleep overnight in their boats and go up and down the coast, this is a very average family type of boat. It's capturing many, many people with this price range.