As a and accountant, I am happy that they have decided to repeal this proposal. However, I still believe that changes to the tax act need changing. If the Minister was honestly targeting high worth individuals, then a simple fix to the conversion technique would be to add: that this tax planning measure is only available to deceased business owners or to bona fide successions to next generation family members who MUST be active in the business. This would prevent the wealthiest from using this strategy. None of my clients have ever used this strategy due to the very complex nature and expensive costs associated  with it. This is used only by people with 10s of millions of dollars in their corp.