It says here on CMHC's website that that quarterly dividend is $250 million, so that's exactly a billion dollars a year if it's $250 million a quarter. That's off the backs of premium payers. That special dividend that goes into the government's coffers is directly on the backs of low- and middle-income Canadians and, as you just mentioned, first-time homebuyers. The federal government has scooped up the profits made on the backs of hard-working first-time homebuyers. Is that correct?
On May 11th, 2021. See this statement in context.