Thank you, Chair.
And I want to thank each and every one of you for coming today.
Unfortunately, we only get five minutes. I have questions for everybody, but I think I'm going to zone in on one area. I hope some of my colleagues will pick up on other areas.
The area I want to zone in on is the aerospace industry because I see so much future in the aerospace sector. With regard to some of the asks here, I need some clarification on how we can justify them to taxpayers.
Under the title “Preserving and enhancing the Scientific Research and Experimental Development tax credit”, one of your points is recognizing that the aerospace projects are international in nature and allowing R and D costs incurred outside of Canada to be eligible for SR and ED tax credits.
How do I sell that to taxpayers, and why should I sell that to taxpayers? If you're not doing the R and D work in Canada, why should there be a tax credit for that work? Can you give me an example of why this is necessary?