I want to start with the St. John's Board of Trade and Mr. Moriarity.
I used to work for the Calgary Chamber of Commerce as the manager of policy and research. I just want to commend you on the 28-page report you wrote on the small business tax change specifically. In your 28 pages, you're one of the few chambers or boards of trade that actually have many examples.
On page 22 you talk about the double taxation of estate tax, and you have a graph there that demonstrates what happens as you follow through these new tax proposals. I want to commend you on it, because I know how difficult it is to put together, and I've had many tax accountants tell me that these are complicated proposals.
Tell me about the business mix in Newfoundland. You know this better than I do. How many small businesses are there compared to the larger ones? What's the percentage that you have? Right here in the city, what do you see? Is it 70% or 80% of all businesses here? Is it 90%? I heard that Newfoundland actually has the highest percentage of any province in Canada in small businesses.