Finance committee  I want—

Finance committee  Quebec is a very important part of Canada, and we have research reports on 80 of Quebec's largest charities. We work with donors in Quebec and private foundations in Quebec and—

Finance committee  There are definite cultural differences we are seeing. When we look at Australian and British charities, their annual reports have much more detailed information about a charity's operations, compared to those in Canada. We also look across Canada, and we see much higher transpar

Finance committee  They're all organizations. It would be similar to, what does—

Finance committee  —a Loblaws or a Royal Bank—

Finance committee  They are organizations fundraising for Canadians who are trying to make a decision about which charity they can donate to, and that's it. At the end of the day, a donor has $100—

Finance committee  I would say that with WE Charity, our ratings measure objective metrics that don't capture accurately our concerns about its governance, and also that there were unique characteristics with the flow of donations to for-profit private businesses.

Finance committee  That's fine, sir.

Finance committee  That's an interesting example, sir, because the poppy fund Legion in Calgary, which has that rating, has—

Finance committee  If you go to the CRA, you see that there are over 280 Legions and poppy funds, but the largest in Canada is the one in Calgary. Since our research report—and we have covered it for years—it has actually been folded back into the Legion command, so it no longer exists, and it was

Finance committee  That's wonderful, and I appreciate that.

Finance committee  Do you know that you can only receive its audited financial statements through a request for information with the charity's directorate—

Finance committee  For every dollar you donate, 50¢ goes to the cause, and—

Finance committee  Absolutely, and if you read its annual report to understand the work it does and the programs and benefits it provides, it receives a C-. If you look at the charity's financial statements, you see that it has 3.7 years of cash on its balance sheet to fund its programs. Relative t

Finance committee  It's difficult to keep track of all their real estate.