Thank you very much, Mr. Chair.
My first question is for Ms. Volk.
Ms. Volk, I'll go back to Mr. Deltell's questions originally. He kept calling the pay that members of your department are receiving at the CMHC “bonuses”. I understand that bonuses are exceptional payments where work exceeds expectations. You were trying to explain, I believe, that this was at-risk pay, which is a regular component of pay, not an exceptional component of pay. It is given not when work exceeds expectations but when work meets expectations.
Can you explain that, so that people don't believe that 99% of your department received bonuses for exceptional performance?