Thank you, Mr. Chair.
As was previously mentioned, as a matter of fairness, you can conceive of 10 years going by fairly quickly and these thresholds being out of date given inflation, which is certainly where we are now. If we apply things like the automatic escalator to excise taxes, the same principle applies here.
I think it would serve future Parliaments and the industry well to have these automatically adjusted for inflation every five years. It would be not an every year thing but rather every five years, and then would be rounded to the nearest $5,000, which, to my understanding, is similar to the way we do adjustments to reflect inflation or other thresholds in other pieces of legislation.