Thank you, Chair.
Minister, thank you for being here.
And thank you to all your colleagues as well. It's good to see some of you. Some are very good, I must admit, at a good game of golf—Mr. Dicerni—and I could still learn a few points.
Let's talk about science and technology. Minister, one of the concerns that has been raised in our region, in Toronto and southwestern Ontario, has been the application process recently with SRED. You'll appreciate that this is a little bit outside and probably has a lot to do with the minister responsible for Canada Revenue Agency. But it seems to me that all initiatives that are used that could have a positive effect on encouraging and fostering greater research and development seem to be stopped by several of the revenue offices, which are suggesting now that perhaps as little as 10% might be remitted on the dollar.
Clearly, I don't want to mention names. Several of these companies are very notable. You've visited them in places like my colleague Terence Young's riding in Oakville. I'm wondering, Minister, if you've had a chance in your deliberations or if you will have a chance in your deliberations to ensure that the SRED program is as intended and will continue to provide expectations to companies that make investments that they in fact will receive a return that allows them to continue.
In the case of one company, which I won't discuss publicly, it may very well have to shut its doors--or, worse, be bought out by an American company that will take that technology with it.