Yes. This is an increase in fees. It is under the Land Titles Act and the PPSA, Personal Property Security Regulations. Anyway, Members may recall there had been some discussion in the past about a land transfer tax. Anyway, what we have done is looked at, fairly, in my view, minor increases in the area of land transfers. That is where the majority of this money is going to come from, and mortgage registrations. Our estimate is that there will be increases in funds with the new fee structure. Again, land transfers average over the last three years have been $483,000. We are talking about the land transfer itself. Estimated incremental fees will be $168,000 to come up with $650,000; mortgage registrations, $460,000 over the last three years. Estimated incremental revenue with the new fee structure would be $230,000 for a total of $690,000. PPSA registration or Personal Property Security registration or renewals will be increased, also.
So, yes, those are these increases, and, also, so Members will recall, there was a good deal of discussion about a land transfer tax. What we have brought forward here is a modest, in my view, increase in the amount of fees. Most of this money will be obtained through the increase of fees on land transfers and mortgage registrations. Thank you.