In terms of treaty shopping, there was a proposal put forward in the last budget. In our view, in terms of the way that it was described in the budget documents, it was going to create a lot of uncertainty as to whether or not a Canadian company could access the treaty with the other country. Where that treaty cannot be accessed, there's a 25% withholding tax that applies on interest, dividends, and royalty payments coming out of Canada.
Today there is far less certainty. A company coming into Canada, or a pooled investment coming into Canada, can rely on the treaty that's there and the Canadian laws that are there. Our concern is that having this overlay that was proposed, in the manner that it was proposed, is going to create undue uncertainty.