First I would like to briefly address Mr. Hayes and then Mr. Russel.
You provide information about tax credits and the one granted by almost every province is already 20%. Therefore, you are recommending that the federal government follow the provincial example. You also indicated that the maximum investment should increase from $5,000 to $20,000. We see that in most of the provinces, it's currently about $10,000. However, it's $12,000 in Manitoba and $13,000 in British Columbia.
Do you have any impact analyses that indicate how much venture capital investments would increase in Canada if the maximum amount were multiplied by four? Have there been any studies in this regard? If so, could you send us their conclusions as soon as possible, please?