Thank you, Mr. Chair.
With regard to phasing out eligibility of expenditures of a capital nature for tax credit purposes, it seems clear to me that this will have a disproportionate negative effect on production and natural resources. Indeed, innovation in these areas often requires that pilot programs or projects be established in order to evaluate their effectiveness in the field.
The Jenkins report recommended that the change in eligibility of expenditures of a capital nature should not apply to small companies and that it be counterbalanced with new funding.
Given that this measure is going to have a disproportionate effect on certain industries, do you not think that the negative impacts are going to exceed the positive ones?