Thank you.
Our members have told us that it has caused reductions in their R and D spending in Canada, both in terms of real jobs and, more importantly, in terms of longer-term projects. Although the SR and ED program is complex and can be cumbersome, the main thing that our members value about the program is that it does offer some predictability and a consistent way of ensuring development across all sectors.
That is true for both large R and D performers, who really are the backbone of innovation, because when those companies grow, fail, undergo changes, they generally spawn new smaller technologies, and for the SMEs because they need the larger companies there to provide support and technological expertise as they fail, which they always do as they go through innovation.