Thanks very much, Chair, and thanks to all the witnesses for being here. I wish I had time to ask questions of all of you. I won't be able to do that. I hope you all understand that.
I'd like to start with the folks from the Canadian Bankers Association.
For context, I used to be a banker. That was my first job coming out of university. I used to be a management consultant. I consulted a lot in the payment space. I'm very familiar with this, so I come at this from that perspective.
Just to clarify, the issue you have is that the BIA would impose a change that would cause GST or HST to be charged on a service that networks charge to card issuers. Am I correct about that?