Three minutes.
Mr. Morand, it seems to me the argument that's been put forward here this afternoon is that the Minister of Finance has really screwed up; the rules don't contemplate that he's going to get absolutely no revenue out of this, and one of the reasons is that companies are going to load up with debt, and therefore the Minister of Revenue has to issue a notice saying, “You'd better enforce those GAAR rules and you'd better enforce those thin capitalization rules.”
Have you ever heard of the general anti-avoidance rules being applied to situations such as this?