As someone who knows a lot about the payment space, I don't agree with that assertion that cardholders will be affected and that consumers will be affected. I think banks could be affected by a very negligible amount. This is a very negligible amount we're talking about.
The other thing I would point out is that you've talked about the retroactivity quite a bit here. The Tax Court of Canada, in 2018, gave a ruling in favour of CRA in this matter, so if we're going to go back to court cases and how the courts ruled, I would note that not all the court rulings have been in your favour.
I think the point I would make, because I'm almost out of time, is simply that there are many.... Another witness from the chamber raised the fact of competitiveness in the context of this point. I think we do a lot to make sure that our financial services sector is competitive, and especially that in the payment space we're competitive. Countries regulate their payment spaces very differently around the world. There are lots of things we do to enable that here.
What I'm hearing is that a relatively negligible amount of additional money will have to be paid by the banks in HST. It conforms with a 2018 court decision. This change will have no impact on consumers. Yes, we'll ask banks to pay a bit more in HST, but I think we've done a lot of things to help the financial services sector and the payments sector thrive in this country.