Thank you, Mr. Chair.
I thank the witnesses for being here. I know there are a lot of you here and there's a lot of ground to cover.
One of the things I've been reflecting on is the report that was written by the Macdonald-Laurier Institute, by Peter Menzies and Konrad von Finckenstein, who provided a series of recommendations in respect of how we can think about reframing the media climate in this country and how we can think about supporting journalism. One of the recommendations they made—and I would love your thoughts on this—was to allow “[a]ll expenditures by Eligible News Businesses that involve investment in digital transformation” to be claimed as a capital cost. That's a very specific recommendation, but I think of the context of the transformation of media, the context of how we enable the media to survive and thrive in an entirely new era, when we have seen print publications and others not able to make the jump into digital in a meaningful and thoughtful way.
I'm happy for anyone to jump in on this. What are your thoughts on that? What challenges do you see in making sure the quality of the work produced is able to be maintained in a context where you are enabling an entire move to digital and you're doing it in a way that allows a writeoff of capital costs quickly? Do you think there are risks to that?