I know from some of the work we have seen that 75% of small business owners have already indicated that they would transfer their businesses to the next generation over the next 10 years. It is estimated that 50% of those owners wish for the succession of those businesses to their own family members. Those are the numbers that I think are most important in terms of encouragement to getting this bill put forward, so that they will not be penalized, as you pointed out in your first question, Mr. Julian, and to be able to make sure they can continue with those businesses in those communities.
We're seeing businesses close their doors right now in some parts of Canada. It's more because of COVID than markets or those sorts of things right now, other than markets have been taken away because of COVID, but those are pretty significant numbers. Trillions of dollars' worth of businesses there would be transferred in assets. That's still very small compared with the large business sector that we have in our country, but it's very important. If we can keep 50% of those transfers into family businesses, it would be an exceptional bit of success for Canada to be able to do that.