Thank you. That's a good question.
We followed, pretty much to the letter, the Chief Electoral Officer's advice on this issue. Let's agree that 10% does leave a crack in the door. Quite frankly, I think the Chief Electoral Officer probably also struggled with this. That is, if you reduce it to zero, you may be unfairly or unduly excluding some quite legitimately and indisputably Canadian organizations from participating.
I think we can agree on the objective: We want to squeeze foreign funds out of this third party regime. We have a third party regime in terms of our elections and financing that I would say is already a model to the rest of the world and already quite stringent.
I want to finish by saying I'm open to this committee's consideration of that very matter, and I look forward to your advice on it.