We agree there's some cleaning that needs to be done with regard to all the programs. They want to put everything under a new structure that would oversee IRAP and others. We don't have anything against that.
There are some good recommendations with regard to BDC and venture capital. They're looking at new credits for BDC to support late-stage start-ups.
What we need to do is consult with our members with regard to the change for SR and ED. Making it only labour costs, just because it would make it simpler...I need to find out, in the manufacturing sector, how much of the R and D is more labour intensive and how much is less labour intensive. Some would be penalized with that.
They want to reduce refundability. CME is a business organization. We've been proposing the opposite. In the last years, we wanted to increase refundability of SR and ED.
What they're suggesting is that we use the money we're going to save with this for more direct support to businesses. So we would like to see what the government will choose to do or not do, because they're only recommendations.