Why shouldn't dividends be returned to Canadian taxpayers who are holding the final mortgage risk. I would suggest even higher CMHSC and private insurer premiums for even riskier mortgages. All taxpayers shoulder the mortgage risk, so why should only get a refund? The flip side of course is that if the housing market tanks and mortgages start to go unpaid/default it is the Canadian Taxpayer that bails banks and lenders out, not individual homeowners!