Maybe I'll start with your second question first. As noted, there's a concern that because the rules apply to all dividends and not just dividends paid on the publicly listed shares, they could require repayment of the wage subsidy where one entity in a corporate group is moving funds to another entity in the corporate group for the group's purposes and not actually returning any amounts to shareholders. That's a very common way for public companies and large corporate groups to move money around and ensure that funds are in the correct legal entity. Likewise, it could adversely affect corporations that have issued preferred shares as part of their corporate financing programs. I think those are probably the two largest.
In terms of what impact the amendment would have on the administration and enforcement of the rules, of course the Canada Revenue Agency has been working tirelessly to put these structures and programs in place in order to implement the new measures contained in Bill C-2. Any change to them could require the Canada Revenue Agency to tweak its systems. While I don't know—I'm not involved in the development of the Canada Revenue Agency's IT systems—that does seem to be a risk.
Conversely, public corporations could be required to proceed with the rules without necessarily having full certainty as to how they are intended to apply—for example, whether it applies to the qualifying period that ends after the date of royal assent, or before, or whatnot.
So there would be those concerns. Unfortunately, I don't know enough about the Canada Revenue Agency's technical systems to advise or to opine on whether they would need to be redesigned, but that is something that I think we'd want to check.