You know, I don't think we can say it often enough: 100% of small businesses in this country will be positively impacted by a reduction in the small business tax rate. Every single business that earns $500,000 or less in annual profits will have a lower small business tax rate. It will go down on January 1, 2018. It will go down again on January 1, 2019.
For the 1.7% of those private corporations that are shielding significant income and passive investments, yes, they may go over that million dollars in future, but let's think about that. First of all, every single investment in any small business that exists there right now will be protected. Nobody will have any change in tax situation on any investments they've accumulated in their private corporation. It's only in future that they will be able to continue to invest up to roughly a million dollars, and before then they would probably decide to, instead, put money into an RRSP or a TFSA.
We found a balance that ensures that every small business will have lower taxes and that, for almost all businesses, they will continue to be able to invest in passive investments to assure their retirement or maternity leave. We will end up with more investment in active businesses because it will be advantageous for businesses to do so, especially at the lower rate.