The answer we promote is that there needs to be a broad-based approach. As I mentioned, the SR and ED tax system to promote research and development in industry is among the best in the world. There could be arguments in terms of its evaluation of its effectiveness, in terms of levering more industrial research, but in our view, yes, that kind of environment--the regulatory environment, intellectual property environment--all should be kept world-class and world-competitive.
At the same time, in terms of the valley of death, especially for small Canadian companies who have a new technological idea, in order for them to grow into a large Canadian company, then at some stages, particularly in that valley of death, they may need leveraged support. We're not talking about subsidizing that company across the valley. What we're talking about is providing enough of a lever—and it is a financial lever—to allow them to make their own investment, to bring in their own investment, in research and development so that the return on investment they see on the one side of the valley is actually fulfilled when they get to the other side.
It's only by having a broad-based approach to these kinds of incentives that you actually then create the wealth, the commercial wealth, in the economy that generates revenues for the government.