First of all, the SR and ED program is a tax benefit to successful businesses in Canada that are doing R and D. That's what it is. We have one of the most generous R and D programs in the entire world. Our results are not among the better results in the world in terms of innovation, so we have a problem in Canada in this area, which has been fairly well known for some years. I imagine when you were in government it was known then that this was a challenge, so we asked Tom Jenkins and others as a panel to study the issue for us and make recommendations.
What we're proposing in the bill follows on Mr. Jenkins' and his panel's recommendations and that is to reduce the rate. It mainly affects large manufacturers in Canada that do a great deal of R and D. It assists some of the smaller ones. We're looking at contingency fees on SR and ED because that's an issue. We have now a savings of $400 million that we're going to use for a new venture capital fund, about which more later, but that is not—