Finance committee  My verification of your accuracy depends only on my arithmetical skills. To get to the right answer I'd have to multiply $3,000--I've taken that number and not the precise number you used--by 15.5%. That gives me something in the order of $475, I believe.

Finance committee  On the numbers you provided and assuming they buy these through monthly passes, that would be right.

Finance committee  Mr. Chairman, first of all, as a lawyer, I'm presumed to be innumerate. I must confess to approaching these more intuitively, as some of the previous witnesses did, in suggesting that a revenue loss must exist or else the markets wouldn't have reacted the way they did, or else, a

Finance committee  I'm sorry.

Finance committee  If I may speak to that, I guess if we were incompetent, we wouldn't admit to it.

Finance committee  As for the numbers—

Finance committee  I would say the minister spent quite a bit of time on the numbers the other day, and on the reasons why he and we believe they are conservative. Yes, I think the answer he provided the other day was that he did take—apropos the discussion of extending the transition period from f

Finance committee  I'll speak to that. Yes, we did provide advice to the minister.

Finance committee  Without being specific about the documents, we did provide material with advice to the minister.

Finance committee  I will make a comment in that respect. My colleague is the leading expert in the department on the revenue estimates that have been put together on this. But in some respects, it seems to me that the market has actually opined on this since our announcement. The only change that

Finance committee  I'm not suggesting that the markets signed on to the Department of Finance over anyone else. I'm really expressing the view, which the Governor of the Bank of Canada articulated when he was here the other day, that you can take the effect, the market impact, as a result of the ch

Finance committee  Mr. Chairman, I believe the question was answered previously with the letter from the deputy minister to the chair of—

Finance committee  I'm verifying the date, February 6. I'm saying that advice to this government or the previous governments was not something that we're proposing to—

Finance committee  I believe the considerations mentioned by Mr. Poschmann are relevant. It has also been noted that real estate investment trusts have largely obtained recognition internationally. The government of the day made changes explicitly for the purpose of facilitating real estate investm

Finance committee  I apologize for answering a question with a question, but it seems to me, following Mr. Carney's remarks, that as far as a sales tax or consumption tax in Canada is concerned, we have neutrality in the system today. Whether a good is produced in Canada or produced in China, when