Thank you, Mr. Chair.
Thank you for your testimony, Mr. Maguire.
I think what we've heard this afternoon is that there definitely needs to be more discussion and a really healthy debate.
I think that certainly there is a need for the federal government to facilitate the transfer of small businesses and family farms and fishing corporations between family members; however, I know that many of my colleagues have talked about tax avoidance, and I think that by raising that issue in no way are we suggesting that small business owners or farmers or fishers are not honest. I'm just saying that we need to go forward with extreme caution so that there aren't any unforeseen consequences or considerable tax avoidance opportunities.
You mentioned in your opening remarks that several organizations have voiced support for this bill. However, I'm concerned that these consultations did not fully explore the potential consequences of this bill with regard to opportunities for tax avoidance. Have you discussed this bill with any lawyers, academics or other stakeholders who voiced concerns? If they did voice concerns, can you speak to us a bit about that? Not to reinvent the wheel—and you had a great briefing—I'm just curious to know if you have had any conversations to that effect.