Thank you.
Mr. Kingston, the government says in its discussion paper that $27 billion a year in passive income is earned within Canadian-controlled private corporations. If you reverse engineer that number and assume, say, a 5% rate of return, that means probably about half a trillion dollars is saved inside these companies due to the responsible planning of our entrepreneurs.
The term “passive income” seems to me deceptive. You can answer this better than anyone because you represent a lot of the companies in which that passive income would be invested. When your public companies get so-called passive investments from private companies, does that money just sit dead or does it work?