I'm not aware of the TFSA rules that came in in budget 2010, but what I do know from my research is that when TFSAs were introduced, they were eligible for shareholders to invest in MICs through their TFSA—not for everybody. For instance, I'm connected to an owner who has over a prescribed amount, so I could not. And that was fine for me, because it was a known rule that was introduced with a new vehicle, whereas this rule is difficult for me to digest because it's retroactively imposed upon us. It reduces our total ability to invest in our company from 25% maximum to 10% maximum, and it includes a broader definition of “related parties”.
The big penalty is that we've structured ourselves to be within the rules, and we now find ourselves reduced retroactively and currently penalized as well.