I think it's going to have no impact, to be honest with you. It's going to have no impact on my life. I think for the wealthiest Canadians, this will have no noticeable impact.
However, as one of the witnesses said, I think that the revenue that's going to be collected from this change will have a dramatic impact on the lives of virtually all Canadians. The programs that are being funded by this are going to have a massive impact. In my view, it's an excellent policy.
To your point, the fact that wealthy people will still have this built-in tax break is still, to me, deeply unfair. I really do think this is a very positive and strong step, and I'm in favour of it. I would encourage the government to continue taking additional steps, including looking at a wealth tax on the ultra, ultra rich, including billionaires.