Thank you, Mr. Jean.
I'll just take the final round as the chair. I do sincerely appreciate your all staying for the extra time.
Mr. Whyte, I just wanted to follow up on one of your comments. It's true that your industry goes from ma and pa right up to large corporations. You see the whole gamut in your industry.
If you look at the two federal corporate tax rates, the 11% for the smaller business and then the 16.5% for larger ones, and then you add provincial tax rates on top of those, there are a lot of medium-size enterprises that are in fact paying the higher rate, because that higher rate kicks in at $500,000 of net business income.
Can you talk about that? I know you were responding to Mr. Marston on that, but I think you had more to say on the impact if we start raising those rates, or if we don't enact the reductions that are in fact planned for. Most of the businesses that have talked to me say, “James, we've already actually booked that into our business plan going forward, so if in fact you don't enact that, it will in fact be an increase, not a decrease.”
Do you just want to respond to that?