Finance committee  Yes, out of the company altogether. Once it's been moved out, from a policy perspective, the cash is out of the business. Now it might be in the individual's personal RSP or it might be somewhere else, and it's now hard to bring it back into the business, if need be. For the ta

Finance committee  Are you looking at the spousal support or the matrimonial split?

Finance committee  The spousal support is taxed in the hands of the recipient.

Finance committee  I would prefer not to answer that question.

Finance committee  That is correct.

Finance committee  What happens is that, when you transition a business to the next generation, they would have to take funds out of that company to get cash personally, pay tax on those funds and then pay the parents the money. In our first column there, we have the transitioning of a business of

Finance committee  The parents could sell this business and could get their capital gain exemption on the portion that was within the limit. They were paying tax on the result, the capital gain in excess of the capital gain exemption. They were going to have $271,000 of tax to pay.

Finance committee  That's at the capital gains rate.

Finance committee  That's correct.

Finance committee  That's at the dividend rate. In order for the children to pull a net $2.75 million out of the company, they have to take a dividend of $4.3 million out of that company that's only worth $2.75 million. At the end of the day, if we were to have a sale to a family member today, with

Finance committee  Yes, it's 67%.

Finance committee  That's correct.

Finance committee  There is a prohibition in the act today that says that if you are trying to sell within a family, if you're trying to use any kind of capital gain exemption or any untaxed form of a gain, like 1971 V-day value, you cannot extract funds out of a corporate group to do that. If we w

Finance committee  That's taxed as a dividend.

Finance committee  In the second column there, we actually didn't look at the parents paying a dividend. We said that, with proper planning today, the parents would actually trigger the capital gain first, and then the kid's company could buy the shares. With proper planning today, we can get capit