I am just coming in behind that. Thank you so much for the question. I agree with your sentiment entirely.
In 2017, CFIB got involved in a little dust-up with the federal government over some small business tax changes that were being proposed. We had a tiny argument with the previous finance minister about that very issue. Many of the concerns behind that are similar to this.
One of the things that the government doesn't do well—and I'm not just talking about a political party here but even the department—is reach out to the business community, to the accounting community, and say, “Okay, we're seeing some problems with this aspect of the Income Tax Act. What can we do to shore it up without creating massive dislocation and unintended consequences?”
That does not happen often enough, I have to tell you. I agree entirely with the previous comments, that we should give this a try. If there is significant tax leakage, I believe all of the members presenting to you would be happy to talk to government, talk to the department about ways we can tighten up the rules if somebody finds a creative way to abuse these particular provisions. Business associations, my own included, have no time or tolerance for that. We want to make sure that we have an effective tax system.
I'd encourage you to pass the legislation. Then, if there are problems down the road, we can ask the department to amend as we go.