Well, again, many people will hold assets passively, just in case there is catastrophic failure in equipment, plans, or whatnot. If they are lucky enough to sell their company, many times they just end up selling the assets. What remains is often what their retirement is.
Of course, you mentioned income splitting. We allow income splitting for seniors with pension income. I just want to point out that is not available to entrepreneurs when they retire. That's something that these changes will make less fair. Many entrepreneurs do not have a pension. People might say they could invest in CPP, but then they would be paying twice. Again, they wouldn't be able to put that money into a vehicle where they could quickly draw upon it if there was a catastrophic failure of a mill or a certain piece of equipment.
I certainly appreciate your contribution.
I'd like to go to the Canadian Vintners Association. Obviously, estate planning is very important for estate wineries. You've said that you are quite concerned about how these rules would impact small family wineries. Is that correct?