Good day. Thank you very much for your very interesting and meaningful testimony.
I have a question to ask, because there are changes. We know that the federal government contributes to research and development by way of its programs, such as the Scientific Research and Experimental Development Program, commonly known as SR&ED. This program furthers research and development in business. Recently, there were changes outlined in the current budget. We note that the tax credit will drop from 20% to 15%. Also, there will be changes made to some expenditures, such as capital expenditures.
What would the effects of this be, for instance, on the businesses that Startup Canada represents?