Thank you, Mr. Chair.
Welcome to our witnesses.
To the Canadian Chamber of Commerce, you recommended adopting an innovation box. You're saying this would “reduce the normal corporate tax rate for income derived from developing and commercially exploiting patented inventions and other intellectual property connected to new or improved products, services and related innovation processes to the benefit of Canada.” I'm reading your words.
I'd like to talk a little more about that. I'd like to know the cost of an innovation box. I'd like to know if you're intending to reinvest those extra dollars that you'd get out of an innovation box, and if it wouldn't skew the patent process beyond what it is today, because you already have a product that's in demand, as you're the only person who can manufacture it, if you've patented it to begin with.