I'm not sure it will. I don't know. I haven't looked at it in great detail.
I can tell you, however, that venture capital is not playing the same role it did 20 or 25 years ago in the growth of start-ups, simply because 20 or 25 years ago most of the start-ups were involved in what we can call “Internet technologies”, where exits were very fast. This aligned very well with the culture of the VC industry, where exits had to be early, and in many cases, dramatic. The words “home run” were used often in those cases.
It's too soon to tell how the proposed tax changes on small corporations can affect the investment in venture capital. I don't know the answer to that.
Given the strength of Canada in a number of fields—including the fact that most people would prefer to work here than in many other places, including the fact that our education base is solid, including the fact that everyone in this kind of economy wants to have a place in North America, and including the fact that Canada is increasingly competitive—we have strengths upon which to build.