Mr. Speaker, I would like to ask my hon. colleague to expand a bit on his point that the announced reductions in the scientific research and experimental development tax credit are not being met by increases in spending elsewhere, as claimed by the government. I see there are $110 million for the industrial research assistance program, $12 million for business-led networks of centres of excellence, $40 million for procurement and $37 million for industry academic collaboration. That adds up to about $200 million, but SR and ED is projected to be cut by at least $500 million. In fact, the government's estimates are lower than some independent estimates.
I would like my colleague to comment on that, please.