Unfortunately, I'll have to give a similar answer to the one I gave previously.
The operation of the research credits is a matter of tax policy with the Department of Finance. It's definitely an area that a number of industries perceive as beneficial. But from a tax policy perspective, to date, the refundability has been limited within the program. As I say, I'm not an expert in the program. I believe there is some level of refundability for certain types of enterprises below a certain threshold.
As I indicated previously, Canada is also exploring what it can do to assist firms with financing by their leveraging the credits they have. But I suspect the solutions there might tend to be individual, firm by firm.
I want to emphasize something that EDC and BDC stressed in their presentations to industries. For the most part, they're looking to deliver their enhanced level of service through, or working directly in cooperation with, individual banks or private sector financial institutions, because they are deemed to be a more effective way of getting right to the street level and connecting up with individual enterprises.