SIMON WATTS: —or a capital gains tax, at its lowest level. When a person sells a house within 10 years after purchasing it, then they are going to be taxed on the sale proceeds of that home. And that is not acceptable. That increase, increasing to 10 years, is going to bring in a large number of taxpayers into that net. It is unnecessary and even with the adjustments that have been made through the select committee process, through clause 48, proposing new section CB 16A(6)(d)(ii)—just for those at home who are looking up the Income Tax Act, and I know there will be a few, no doubt, that aspect will go some way but it is not going to deal with the underlying issues. 