Once again, the idea that we have to provide information to the public is now a standard principle. In fact, even with something like this, I was involved with many small businesses, and most small businesses would find this cumbersome. This is about 10 or 20 pages long. The idea that you would be required to submit hundreds of pages of financial information annually not only would cause a huge red tape administrative burden for the unions, but in fact it also would have cost government itself, CRA, an extra $2 million annually to go through these reports to ensure that every box was checked off, that every little box was filled out.
Was that necessary? No. It created a cost burden for government and a huge cost burden for trade unions and trusts that were going to be impacted by that. That is why in December we indicated that we were moving forward with this bill to relieve the financial pressures on CRA, which did not think the reports were a good idea, and to indicate to trusts and unions that they would not be required to submit tombs of information that, for their members, was already public and available.