Sure.
I also wanted to address, as I believe it's been mentioned already, that these proposals do have retroactive application. Taxpayers are entitled to structure their business affairs with certainty. Many of these structures have been in place for many years with the full blessing of the Canada Revenue Agency and the courts. I don't believe that it is fair to fundamentally change the system. People should have no doubt that it is being fundamentally changed here.
For the reasons outlined above, I believe the proposals, as presented, are deeply flawed and should be set aside. However, I do support a review of the current corporate tax system in Canada with a view to modernization of the system. This would best be done through a royal commission on tax reform with a mandate to look at all of the issues that are being raised through this consultation process and come up with a reasonable compromise.
Thank you.