Thank you, Chair.
And thank you all for your attendance today.
Commissioner, I want to follow up. Twice now you have commented that it was determined there was insufficient evidence to suggest that the corporations were doing anything other than what the policy was there for, which is to provide for them to put some money aside in the expectation....
You said it twice, and yet on page 8, in paragraph 4.21, the Auditor General says:
By 1991, the Agency recognized that some corporations might maintain excess funds on deposit to profit from advantageous short-term interest rates. In an internal memorandum, the Agency stated, “We are not comfortable with a practice which in effect could allow taxpayers to use their Revenue Canada accounts as an ‘investment account’....”
Now, help me square the circle here. You said they didn't find any evidence, and we have a quote here from 1991 saying that since then, 18 years ago, the agency has been aware of potential abuse.