Public Accounts Committee on March 19th, 2024

[Larry Brock, Conservative, Brantford—Brant, ON]

Sir, just the commission rate, please.

[David Yeo]

Sure, but I need to preface that to make sure the committee understands—

[Larry Brock, Conservative, Brantford—Brant, ON]

No, you don't. I'm asking for a number, sir, or a range. What is your commission?

[David Yeo]

Most of the time it ranges between 12% and 20%, and in this case for the ArriveCAN aspect—that $91 million wasn't ArriveCAN, by the way—it was 18.2% from what my staff told me.

[Larry Brock, Conservative, Brantford—Brant, ON]

That's 18.2% for—

[David Yeo]

That's correct.

[Larry Brock, Conservative, Brantford—Brant, ON]

—for ArriveCAN. And you said you disagree with the AG's report—

[David Yeo]

I do.

[Larry Brock, Conservative, Brantford—Brant, ON]

—and that you only received $4.9 million—

[David Yeo]

Yes, $1.6 million a year.

[Larry Brock, Conservative, Brantford—Brant, ON]

Okay. So your 18.2% of $4.9 million—I can't do the quick math—was that shared between you and your partner?

[David Yeo]

No. You have to understand that's gross profit, right?

[Larry Brock, Conservative, Brantford—Brant, ON]

Sir, was it shared between you and your partner? Is it a fifty-fifty share operation with your other partner?

[David Yeo]

It's a gross profit. When it gets to be a gross profit, you have to factor in expenses: employees' wages, commissions—

[Larry Brock, Conservative, Brantford—Brant, ON]

I understand that, sir. Were you sharing—

[David Yeo]

But at the end of it, sure.

[Larry Brock, Conservative, Brantford—Brant, ON]

We're you sharing in the profits fifty-fifty?

[David Yeo]

No, not fifty-fifty. I'm a majority shareholder in Dalian. Why would I share fifty-fifty?

[Larry Brock, Conservative, Brantford—Brant, ON]

So what was your share of the $4.9 million?

[David Yeo]

It's not $4.9 million, though. It's revenue. That's $4.9 million in revenue. It's different.

[Larry Brock, Conservative, Brantford—Brant, ON]

Okay, let's not play games. What did you take home? What was your commission for ArriveCAN? Give me a number, please.

[David Yeo]

There is no number because—

[Larry Brock, Conservative, Brantford—Brant, ON]

Why not?

[David Yeo]

Because when you own a business and you have multiple—

[Larry Brock, Conservative, Brantford—Brant, ON]

You have to declare this as income, sir—