As I indicated, certainly from our own analysis and that of the CRA, the way the credit works and the way it's been used in the last several years has been creating problems in terms of its going beyond the intended scope, even if it does have a policy purpose. In terms of the competitiveness of Canadian business, the reduction in rates, certainly since the credit was originally introduced in 1979, has more than made up for the incentive that the credit originally provided.
On November 1st, 2012. See this statement in context.