I wish there were no tax leakage, but, no, the tax leakage is genuine and it's especially a concern for all provincial ministers. As you can appreciate, depending on the size of the economies, those dollars are significant, ranging from $400 million in one province down to what the loss would be in Prince Edward Island.
Obviously, when we prepared our budget for this year, in our revenue projections for our budget, we had to take into account the loss of corporate tax income that we were anticipating because of the trust conversion.
Another significant point that I was just getting to when I ran out of time was that in a small jurisdiction like ours, when you have a large corporation whose majority of unit-holders live outside your jurisdiction, they would pay personal income tax on their earnings from that trust. However, most of the personal income tax that they would pay would not be to our province. The chances of us recouping any of the money that we lost in corporate tax is minuscule, because most of the personal income tax gain on that is paid somewhere else.