Mr. Speaker, I would like to thank my hon. colleague for the question.
I said the $50 million to $60 million was the capital gains tax cost. To the extent that there are incremental donations, let us say it is $200 million a year, there would also be tax receipts associated with that. That analysis was done by the PBO as well, and I think it is in the range of another $50 million or $60 million a year. It is something like that, to the extent that there are incremental donations triggered by the incentivization of giving by the relief of the capital gains tax.
The PBO numbers are over a period of time. The annualized cost is roughly $120 million or $130 million, and if we take that over a five-year horizon, that is how we get to the $700 million to $800 million cost. I would point out that the tax cost in all cases, on an annualized basis or over five years, is less than the actual contributions that charities would receive.