Thank you so much for being here.
It's great to be able to have an opportunity to ask the minister about red tape reduction. I'm very excited, especially in the current situation we find ourselves in. We are going through the worst bankruptcy rates since the last financial crisis. In B.C., bankruptcies are up, at 10%.
When I meet small and medium-sized businesses, I hear things like this: too much paperwork, slow approvals, high compliance costs. They can't even afford the payroll or the rent.
I'm wondering if you could explain to me how giving this new sandbox exemption would make life easier for small and medium-sized businesses.