Roughly 60% of our members will see the reductions, because they are under those thresholds. About 40% of our members will not see the reductions, because they are more sizable small firms.
I will add this: Any time government puts in place any kind of threshold or rule, it never delivers benefits to 100% in its first year. We have a $500,000 corporate tax threshold. We have a $1-million lifetime capital gains exemption. Our goal, as an advocacy organization, is to see those thresholds raised each year.
However, this is good news for the majority of small and medium-sized companies. We receive it as good news. It's sad that this one aspect is going to prevent it from being delivered to a good number of small firms. That's why we need to get that reversed.