Where do the avoidance risks lie? Well, it's not just in the fact that income could be earned through an alternative vehicle paying a lower rate than the 39c rate, namely the 33c in the dollar tax rate paid by trusts. It's also the ability for trusts to declare some income to be beneficiary income rather than trustee income. Trustees under the tax Act can nominate that income that is earned through the trust is attributed to beneficiaries of the trust in that income year, which then flows that income through to the beneficiary of that trust at the tax rate payable by the beneficiary. Now, that's often very proper; there are some very good and proper reasons to have trusts, for example, for the protection of a disabled child or for the delay in paying money to a child under an estate—for example, if their parent dies while they're still young, it's quite proper that the income accrued to the benefit of a child beneficiary until they gain a later age. Those are very proper uses of trusts, and we're not concerned about that.