Finance committee  We have people here to talk about the specific measures in the bill. I don't think there's anyone from our fiscal policy branch who does the kind of forecasting that was in the budget and that is taken into consideration.

Finance committee  There's no one here from the Canada Revenue Agency. They would need to provide that information. I think they may have, at the previous meeting, said they would follow up with that information. We can see what we can do.

Finance committee  As you mentioned, there are two aspects to the measure. The first is to allow a greater amount to be withdrawn from the RRSP. That would allow a withdrawal of up to $60,000. In that case, if there are people who have an RRSP—

Finance committee  The first aspect of the measure, as I mentioned, is to allow a greater amount to be withdrawn from their RRSPs. For people who have that amount in their RRSP, that would allow them to put a greater amount towards their home purchase. In addition, there is a change to the timeline for when amounts need to be repaid.

Finance committee  Yes, I'm sorry. It's two years after they've purchased the house under the current rules, and then that's being extended to five years.

Finance committee  The first aspect of the measure would allow those people who do have that greater amount in their RRSP to put a greater amount towards their down payment. Obviously, that would give them.... They would otherwise be able to take that money from their RRSP, but they would have to pay tax on it.

Finance committee  I think there are about eight or so.

Finance committee  I think there are maybe eight or 10 or so from the finance department.

Finance committee  We don't have specific numbers on part 2. It's a measure, as Peter explained, that's something being done on a global basis along with our peers. It's really about ensuring the competitiveness of Canada's tax system in terms of Canadian companies and ensuring that Canada can collect its appropriate share of tax in that context.

Finance committee  I think that's a fair statement.

Finance committee  We don't have that information at this time. The rules are designed to try to motivate people who are operating non-compliant short-term rentals—that's short-term rentals that are not compliant with the local laws in their province or municipality—to return those housing units to the long-term supply.

Finance committee  Yes, that's right. It's not.... There's no specific revenue estimate.

Finance committee  It's not a tax credit per se. It's just that right now, if they're operating a business, they would be entitled to just the regular deductions that anyone who's operating a business or earning income from property is entitled to—

Finance committee  We don't have that information now. Again, it's really hard to estimate the number of short-term rentals that are non-compliant, because it is based on municipal and provincial laws and it's also an area where many provinces and municipalities are currently in the process of putting in place those restrictions on short-term rentals.

Finance committee  We're here on parts 1 to 3.