--and it's my turn.
I'd like to ask each of you the same two questions and get a brief response.
I seem to get the impression that everyone loves IRAP, so my first question is, do you think IRAP is great? Do you love IRAP?
The second question is about BDC. It comes from this expert panel. Someone made a very negative comment about BDC, but right at the centre of the expert panel recommendations, they say that Canada spends a lot on tax credits compared with other countries, and compared with direct loans, to solve the problem of capital shortage at the commercialization stage or at a certain stage in the process. So they're proposing somewhat less money for SR and ED through making it less refundable over time, and more money in direct loans or investments through BDC. Now, if you think BDC is hopeless, that's clearly a bad idea.
Those are my two questions. You each have about 20 seconds.