Thank you, Mr. Chairman.
Actually, I will pick up on the point you just raised with Mr. McGowan. Certainly, as Parliamentary Secretary to the Minister of Small Business, I've been working very closely with entrepreneurs over the last two years now.
It is my impression, Mr. McGowan, and I hope yours as well, that our entrepreneurs here in Canada are extremely hard-working. They are working double time in order to keep their heads above water. They are intent on growing their business and also intent on following the rules. I appreciate, though, as a lawyer, that our tax legislation needs to be reviewed every once in a while to ensure that we have the necessary safeguard measures in place so that very experienced tax lawyers are not finding loopholes. There are very few bad actors, and I hope you will agree with me, among our small business community. I thought it would be important for me to clarify once again that not only would the small business community be consulted, as you were discussing earlier, Mr. McGowan, but also the government would not be applying any changes to tax legislation retroactively.
You mentioned a number of times the date of November 1 as being the earliest date on which changes might be introduced. I would also like you to clarify that it's not actually between now and the end of October, as you mentioned. Really, November 1 is the earliest possible date, but as the press release states, it could also be up until the date of publication of the final draft legislation, which could in fact be later. Is that your understanding?