Thank you very much, Mr. Chair.
My thanks to all the witnesses for coming before the committee.
My first question goes to the representatives of the Canadian Institute of Chartered Accountants. Essentially, you are asking for research and development credits to be made refundable immediately. Others have also come here to tell us that the problem is that the money is essential for Canadian-controlled private companies, or CCPCs. They also mentioned two other problems related to the research and development credit. First, there is the penalty that they have to pay when they receive grants from sources other than the federal government, from provincial or municipal governments, for example. There are also issues with the way those credits are managed in terms of accessibility; basically because public servants take a narrow view.
Could you give us a very quick response to those three specific requests?