Thank you, Mr. Chair.

I would like to welcome all the witnesses and thank them for being here to give us their informative views. We certainly appreciate it.

My questions are for the representatives of the Corporation des propriétaires immobiliers du Québec, or CORPIQ.

Before I get to my questions, I would like to respond to Ms. Dzerowicz about coordination between levels of government. What we see in Quebec is that between the time the money is allocated through the budget and the time it is transferred and gets to people on the ground, two or three years have gone by. In light of the current housing emergency and the increase in costs, an expedited process and better coordination would do the greatest good.

On that note, I'll turn back to the CORPIQ representatives.

Thank you for all the points you raised in your presentation. If I understand correctly, we'll receive your PowerPoint presentation once it has been translated into both official languages. We will read it with great interest.

I want to start by going back to the change in the capital gains inclusion rate. I think it could lead to unfairness. There's a bill coming this summer, and we should be examining it this fall. We would certainly like to invite you back for that. The goal is to create a fairer tax environment for people like nurses and construction workers in relation to millionaires, who pay a lower tax rate thanks to capital gains deductions. We are in favour of the principle.

However, there is a negative impact, and your members are often affected, unfortunately. You said that 82% of the country's rental apartments in two- to five-unit buildings are in Quebec. That's the Quebec model. We're talking about a few small units. People very often use it as a pension fund. They pay for their multiplex their entire lives and then sell it when they retire. It's their pension fund. Now these people are being penalized.

I would like you to say a few more words about that and propose solutions that the government could consider this summer when drafting its upcoming bill.

Gabriel Ste-Marie

$552,420.00