They make these businesses uncompetitive globally in Canada. They add a drag. It is effectively a hidden 5% to 15% tax on the businesses themselves that their competitors in other jurisdictions are not going to confront.
I don't want to overstate the impact, but these are companies that are now considering how just the tabling of the legislation has had a chilling effect on investment decisions that these companies have to make to reinvest in their equipment and to grow their businesses. We are already seeing the impact, and this is just by a tabled proposal.
I don't want to overstate what the consequence will be, but in a highly competitive environment where these other jurisdictions are actively recruiting these types of businesses to come and set up in their jurisdictions, our concern is that there could be a serious negative impact on the future growth and sustainability of these businesses in Canada.