I was saying that your third recommendation concerning manufacturers and exporters is quite intriguing. According to the exchange program, businesses could take the non-refundable income tax credits they are not entitled to because they are not yet profitable, and transform them into subsidies.
An amount of $6.8 billion has been accumulated in non-refundable tax credits. I fear that this money will never be claimed because a good part of these businesses will never have the opportunity of commercializing a research product and of becoming profitable in that way. A lot of these income tax credits will not be claimed and will be transformed into subsidies, which is not a bad thing. I simply want to point out that the cost estimate you drew up which totalled less than $500,000—that is almost a cost of zero—is not quite realistic.
To reach the same objective, have you considered the possibility of transforming the non-refundable tax credit into a refundable tax credit? What financial impact would that have, and what would be the impact on research and development?