It is important to keep in mind that the existing exemptions under the capital gains tax that we already have, including the principal residence exemption and the lifetime exemption for farms and small businesses, are maintained and, in the farms and small business cases, expanded.
Now, this new entrepreneurship credit will provide a lower capital gains inclusion rate than we have at present for that lifetime $2 million. There's a significant share—probably a strong majority—of small businesses that will actually be better off under this reform than they are at present.