Thank you very much.
Thank you, Mr. Minister, for joining us. I assume that an omnibus bill also requires an omnibus environment.
I would like to come back to scientific research and experimental development tax credit. Capital expenditures will no longer be considered as expenses qualifying for tax credit. We have heard a number of witnesses—including Canadian manufacturers and exporters—say that eliminating capital expenditures from the credit calculations could have a fairly significant impact, especially on the manufacturing and natural resources industries. That is because large businesses, in particular, often need pilot projects in the form of trial plants.
I would like to know why you decided to make capital expenditures ineligible, even though that was not part of the Jenkins report for large businesses.