Thank you, Mr. Chair.
I want to start with the Chamber of Commerce.
One thing I'm curious about—and I think you've done some research on this—has to do with the interest deductibility rules. The idea, basically, is to combat what is called base erosion and offshoring profits.
In your analysis, are you concerned that the definition of excluded entities might be too narrow and that some Canadian corporations that aren't engaged in this practice and aren't really multinational corporations, which is what this intends to deal with, could be caught by these regulations and inhibited from deducting their true, legitimate business interest costs?