Thank you very much, Madam Chair.
I want to thank our witnesses for joining us today. I appreciate your testimony and look forward to all the questions and answers that we are going to hear over the next hour.
My first question will be for you, Mr. Lavin.
I think back to your opening remarks, and you referenced some of the key recommendations that were made by the Emerson panel in the CTA review to review and reduce some of the taxes in this industry. Then you went on to note that Minister Garneau had promised a reduction, and that Bill C-49 fails to address any of these costs. You also then went on to state that you were looking forward to phase two and being able to support the minister then in terms of when these things will come.
I want to clarify, is it your understanding that we'll be going through this process once again looking at Bill C-49 and then including some of the those changes? Am I hearing from you that we're going to be here again in a year or two?