Mr. Speaker, the government realizes the importance of maintaining a fair and equitable housing market for all Canadians. That is why the Canada Revenue Agency increased audits on real estate transactions in British Columbia and Ontario.
Since October 2015, these audits have brought in more than $794 million. The $50-million investment allocated in budget 2019 will help the Canada Revenue Agency step up its efforts by creating four new teams dedicated to real estate audits.
Let me be clear: tax cheats can no longer hide.