Thank you very much, first of all, Mr. Chair, for the floor, but also to our witnesses today. I'm going to continue to talk a bit about the passive income.
Ms. Drever, in regard to the passive income, I've met with real estate developers in my region of the Okanagan. Obviously they're quite concerned because they're being hit with a speculation tax provincially. At the same time, mortgage rules have come in over the last year or two coupled with passive investments. Oftentimes they will store their money in passive income holdings, waiting for the chance to build, because it can sometimes take two or three years for them to get approvals municipally.
Are we disincentivizing businesses from holding savings? Do you think that's a good thing? What are some of the other impacts we're going to have? To me it makes no sense that they get the small business deduction when they're building because they won't have savings.