Well, of course, no one in the tax community likes to hear the words “tax loophole” and no one likes to hear about big cases of money flowing outside Canada that is not repatriated on a taxable basis. I believe that's in the review and TEI's presentation. Sometimes the government introduces legislation to try to curtail those types of plans and maybe goes too far; when they do that, it brings complexity to the entire system, so it is important to differentiate between legitimate good tax planning, which should be simple, efficient, and easy to understood, and loopholes and tax evasion, which no accounting body endorses.
We do encourage the government to look into that as a source of revenue. It's easy. The legislation is already passed. Why not go after those tax havens where it is not permitted and allow the normal Canadian to benefit from an easy-to-understand tax system?