Thanks, Mr. Chair.
I'll split my time with Mr. McTeague. I expect I'll have some extra time.
I'm going to focus on a couple of things. Some of the discussions we've had with those in the manufacturing sector and the auto parts sector indicate that the benefits, for instance, of the accelerated capital cost allowance currently offered by the government only helps, first, if you're making a profit in order to write off against your earned income, or secondly, if you can raise the capital. There's been some suggestion that we ought to make it a refundable accelerated capital cost allowance, which would benefit companies even when they're not profitable. But secondly, there's been a specific request from the auto parts sector for $200 million of loans from the federal government, and I believe they've made a similar request to the Ontario government because the banks simply will not lend to the auto parts sector right now to help them make these kinds of capital investments, given the challenges.
I'd appreciate your feedback on those two tax measures, and also what the impact would be of making the SR&ED program a refundable benefit as opposed to non-refundable.