You're absolutely right. The view is that they can afford it and that's discretionary money, but we're seeing that they're choosing to take their discretionary money elsewhere. They're simply not interested in paying any more than they already have to pay. That's their choice.
One dealer in British Columbia outlined to me yesterday that last year, he had eight orders for boats between $250,000 and $500,000. This year he has zero, so the impact is happening.
The other piece is that, sure, the person can afford a half-a-million-dollar boat, but they're going to pick this boat up stateside and keep it in the U.S., so we're going to lose the tourism impact that the industry has. There's the ripple effect and multi-sector economic impact that a boat has on our economy. They will simply purchase it in the U.S. Maybe they'll come up to Canada, but maybe they won't. That's how they'll avoid the tax.
Thank you.