Thank you very much for the question. Maybe I can speak in the context of this clause for the stock option deduction.
As I was saying to Monsieur Ste-Marie, the government's really trying to balance two objectives here. One is noting that historically the stock option deduction has been disproportionately claimed by individuals with very high incomes—I mean, the government's overall concern about tax fairness. The other is recognizing that an important concern here is that stock options are used as an important recruitment tool for start-ups, scale-ups and emerging employers to maintain that ability, that competitiveness, as you say.
The idea here is that with this new limit of $200,000 annually, based on the value of the options, that grant would apply to only certain employers. It wouldn't apply if you're what we call a Canadian-controlled private corporation—a CCPC. It wouldn't apply if the annual revenues of the company for whom you work are $500 million or less. The idea is that these are the companies for which the stock option deduction remains quite a vital tool. I think the government's proposal you see here is designed with the balancing of those objectives in mind.