Mr. Speaker, as the member for Durham has just said, in order to prevent an undue deferral of income there were certain changes brought within the last budget to the Income Tax Act.
Unfortunately we discovered, as the member has just said, that this imposed an undue burden on many unincorporated small businesses across the country. As a result we have been able to bring in changes that in effect allow small businesses to have a business year end and a tax year end.
Therein does not lie the whole story. The fact is that the matter was brought to our attention by the member for Durham and a number of members on the government side of the House. Not only did they bring it to our attention, but in a very constructive and imaginative way they worked with the department to come up with a solution. I thank and congratulate those members of Parliament.