Thank you, Mr. Chair.
Mr. Cudmore, I read this from the website of TSGI-Chartered Accountants:—our interpretation of Bill C-45 reveals that taxpayers will now be eligible to claim only 80% of their payments to approved universities, colleges, research institutions, or other similar institutions for conducting research and development on their behalf. This change was not highlighted at the time of the budget announcement, and would seem to be counter to the government's emphasis on increasing collaboration between industry and academia.
Is that correct?