As you can understand, it's a bit difficult for me to discuss the pros and cons of a policy that is not in place. What I can maybe explain to you is how it works, and how it could work now for a charity that wished to also develop some social enterprise and generate some commercial activities and income.
As I said in my remarks, a charity can invest directly in related businesses, in which case then it's simply not taxable. Any income generated would be tax-exempt. If the charity wants to undertake unrelated businesses, as long as it's not a private foundation, it is possible right now for that charity to do so. They simply have to set up a separate entity. It can be a corporation. Once that is set up, and as long as there is a separation between the charity and the charitable activities and the commercial activities that are undertaken by the corporation, as long as there's clear separation, the income generated in the corporation, yes, will be taxed as it is in any corporation. However, there's up to 75% of the income generated there that can be sold back to the charity to support charitable activities. Within that system there's already this flexibility for these charities to be creative and develop their own business activities.