Thank you, Mr. Chair.
I want to thank the witnesses for being here today.
My first question is for our witnesses from the Canada Revenue Agency and the Department of Finance.
You quickly went over the criteria, if I may put it that way, for the new rules for charities.
However, I would like to come back to the negative impact that a number of witnesses raised here, before this committee, with regard to the costs associated with adopting social finance. For example, when David Juppe, senior operating budget manager and tax expert from Maryland testified, he illustrated to us that using social finance, including SIBs, would cost the government more because of the use of a third party and the pay-for-success model. He even described SIBs as the government's credit card.
I would like your take on this warning. In your view, how can we effectively assess the recurring cost of social finance in general and SIBs in particular? When might such an assessment take place? Before, after, or during the launch? How can we truly know, in any meaningful way, what the government is getting itself into and what costs will be associated with this social finance?