Thank you, Mr. Chair, and thank you to the witnesses for this first day of this study.
I would like to direct some questions for Mr. Layzell from Boating Ontario.
You set out in your testimony some of the economic impact on the industry, including $4.5 billion in Ontario and 520-plus members in your association. Of course, those are direct jobs and then there are indirect jobs, as we know, and $4.6 billion in tax revenue across Canada. Of course, a point that you made very well was that recreational boating is an important economic driver and the lifeblood of many communities and parts of this country.
It's probably a three-part question. You didn't talk too much in your five minutes—which were very precise, as the chair pointed out—about the so-called luxury tax. We know the average boat owner is more middle class than luxury. There's also the impact of the carbon tax, which we saw go up 23% in April and is on its way to quadrupling. That's a bit of a double whammy to your industry from a tax policy perspective.
Maybe you can talk a bit about both of the taxes and then about the cumulative impact and what that's doing in terms of direct and indirect jobs and, as you mentioned previously, driving boats south of the border.