Excellent. Thank you very much for the question.
I guess I'll tackle this from two perspectives—the luxury tax and the carbon tax, as you outlined—and I'll touch briefly on the jobs impact.
We have been monitoring since the implementation of the luxury tax—or the family tax, as we call it, because $250,000 does not buy a luxury yacht. It buys a small family cruiser or pontoon boat in our world now, for families' alternatives to cottages and what have you.
We've watched over a hundred jobs disappear from the industry already. I think one of the key impacts.... If I may, I'll reflect that the Parliamentary Budget Officer projected $52 million in luxury tax receipts from the boating sector alone between September 1, 2022 and September 1, 2024. In June, the CRA reported that up to that point—21 months and one week—it had actually seen receipts of $12 million. As we know now, the boats are not in inventory because the dealers and the industry have refused to bring the boats to Canada because the consumers have said they will not pay the tax, so it's not even possible that they collected any more than perhaps a couple of million dollars over that balance period.
There's a massive shortfall here in the PBO's projections of what the luxury tax would bring because the industry has said it's not going to bring the boats here because the consumers have said they are not paying this tax.
What we have seen as a result of the tax is an exodus of boat purchases into the United States. Many Canadian families, as we know, own homes in Florida and the southern U.S. The comments they're making to the industry are that they'll simply buy a new boat in Florida and keep the boat there. They'll leave the old boat in Canada and let it traverse around Canadian waterways. Those new boats being bought—