Thank you.
I think something that would be very helpful to spur productivity for large businesses is a direct R and D program.
A couple of years ago when changes were made to the SR and ED tax credit, it had a very adverse effect on the large Canadian corporations that are responsible for the lion's share of R and D investment in Canada. We estimated that this was going to result in a 25% to 30% reduction in R and D spending by large corporations.
I think if you want to increase productivity and improve research here in Canada, it would be through a direct program that would help these companies make investments in R and D.