One of the other claims that the minister has made repeatedly on these proposed tax changes is that they're not retroactive.
In fact, I have an example, including proposed section 246.1, of where capital dividend accounts would actually be affected. We had Mr. Lanthier before the committee. He is the former chair of the Canadian Tax Foundation. He said that in fact it will affect anybody beforehand.... It will affect estates and it will affect anybody. Death is not a loophole, as far as I know; it just happens.
Therefore, do you agree with the minister's statement that none of these changes are retroactive?