Thank you, Mr. Chair.
Thanks for being here. I have a few questions for you.
First, with regard to the reporting threshold for gifts, I think your reporting threshold in B.C. is $250 and our commissioner is recommending the amount be less than $500, as it is currently. I'm just kind of curious about your reporting threshold. I know it's $250 and it was indicated to us that it is similar to the threshold in most other jurisdictions. How long has that been in place and do you have it set, whether it's indexed along inflation lines or it's reviewed regularly? Obviously a gift of $250 was not the same 10 or 20 years ago as a gift of $250 is today.
I'm just curious as to how long that's been in place and whether it's adjusted on any kind of regular timeline or indexed in any way.