Thank you, Ms. Gwyer.
It sounds like we're going to create a lot of steps for taxpayers.
Maybe I'll just stick with the tax-free home savings account. There is a lot. I read through the technical details. It's quite complicated. We're creating significant complexity in the tax code to create a new account, which, by the way, won't be ready for a number of years.
Instead, the government could have just not required people to repay the homebuyers' plan.
Was that option ever considered as a quicker way to provide people with help? Was that option on the table?
I'm just trying to get an understanding of why we're creating additional complexity in the tax code when a simple change would have accomplished the same goal.