Mr. Jock Finlayson at the Human Resources, Skills and Social Development and the Status of Persons with Disabilities Committee

From the private sector side, increases in capital gains taxation will have a dampening effect on—as I mentioned earlier, in response to one of your colleagues' questions—capital formation in the market economy. Maybe government will use some of the revenue to try to offset that, but in the market economy context, higher capital gain taxes will have a negative effect on homebuilding, for sure.