I would say that there are advantages, but there are countervailing benefits that people in corporations lack. Much like the comments of my colleague, we're 20 years into this system. The last major change was in 1999. People have spent 20 years investing in the system, in the Canadian-controlled private corporation. The retirement plan is generally to put money into the company and then to draw that down as dividend income upon retirement.
She is correct that women will be benefiting from that, and that with this change, they could have spent their last 20 years differently. Unfortunately, they can't go back. These changes that will end income splitting will deprive women of pensions that they had counted on as the capital accumulated within the company. With the change in the TOSI rules, this will negatively impact women. There is, in this proposal, no way to unwind that, which is what makes it so dangerous.