Finance committee  I'll have to pull up some information. That information is all published. The original revenue estimate for the tax was published in the 2021 budget. For 2022-23, it's $200 million; for 2023-24, it's $170 million; and for the three subsequent years, it's $165 million. The propos

Finance committee  Maybe half that. Maybe 10%-12%. I'd have to do the math, but it's not quite 20%.

Finance committee  I am familiar with Bill C-206. I think the member said Bill C-216.

Finance committee  I am familiar with Bill C-206 and Bill C-234.

Finance committee  The amount to be returned in the first year is $100 million, and that's estimated to be—

Finance committee  You want to know the number per farmer?

Finance committee  I don't have the information to answer that question.

Finance committee  I'm not sure. One of my colleagues would have that answer.

Finance committee  I'm sorry. I don't understand.

Finance committee  I'm sorry, Mr. Chair. We're being asked to provide that information. Is that correct?

Finance committee  Okay. That is noted.

Finance committee  Perhaps I could turn to one of my colleagues from the tax policy branch about how the tax is set up specifically, or how the refund is set up.

Finance committee  I can take that question. As I think I said earlier, the principal analysis we did was looking at the revenue impacts, because this is a tax. In terms of the broader economic impacts of this or similar vacancy type taxes, there are very few studies that the department is aware o

Finance committee  Yes, I'm happy to answer questions about Bill C-8 and the contents of the bill, and none of that is in the current bill. Thank you, Mr. Chair.

Finance committee  Very simply, the idea is to raise some revenues from non-resident non-Canadians who may be holding real estate in Canada where that real estate is underused. It's a tax, pure and simple.