Maybe I should start by just talking about the capital cost allowance measure that was put in place. In some ways, it's a really broad-based measure that benefits firms across all the manufacturing sectors. These include aerospace, automotive, forest products, information and communications, food processing—it's really a broad base.
Also, what's really critically important in some ways is that there is long-term certainty about how capital costs will be allowed to be written off. That makes a difference for some sectors, such as the chemical industry in Canada, whose horizon to invest in capital is much longer than the two-year extension that has been the case in previous budgets.
The last thing I'd say is that in some ways, if you look at the future of manufacturing, it's really about getting positioned for it. The deputy mentioned a number of programs that are geared toward this. It's about trying to incent innovation in R and D. The other part of it is about trying to incent capital investment by way of people investing in the latest machinery, which is important for the future.
This measure, the ACCA, is something that has been broadly asked for as something that is important to complement the actions on R and D.
I won't spend too much time talking about what John talked about concerning the programs. I can go into the details, but broadly speaking, they are geared generally towards supporting innovation and R and D. Different programs adopt different risk levels in the way they support R and D. With tech demo and the automotive supplier innovation program that I mentioned, the government is taking a larger risk but is also expecting the companies—and there will be thorough due diligence on this—to take risks in what we support.
Then you have programs that are more geared towards the front end, towards basic research. Many those programs come out of the shop that Lawrence Hanson leads at the moment. Then you have some that are more at the commercialization end. The automotive innovation fund, which is really about trying to attract the assemblers here, is an example of the way you support that goal.