Mr. Chairman, I would just add for the honourable member that, while the credit is extended for a one-year period, the credit has a feature called a “look-back” rule. When a company issues shares in one year, it has until the end of the following calendar year to expend those funds. This allows for a fairly lengthy period of planning. This year's credit will support exploration spending into the following year. For that reason, I think it involves a kind of binoculars to gauge how long that support will continue to be merited in the future. Obviously, an extension on a different basis is a possibility.
On May 10th, 2016. See this statement in context.