One of the most immediate impacts is that those who have active plans in place.... We do regularly hear that succession planning can take upwards of a decade to operationalize and work through.
One of the challenges we heard right away with the sudden increase in the capital gains inclusion rate was the reality that anyone who was midway in that process had to go back, reassess, retool and potentially change what could be a plan that has been in place and been completed for years at that point in time. That is one of the most immediate concerns.