Thank you, Mr. Chair.
Thank you to the witnesses for being here.
One of the things we can't miss, especially in the academic sector, is that students are the ultimate customer. When you think about it, they will be the ones who incur personal debt or personal expense by large financial contributions for their tuition, the materials, and the lifestyle required to spend that much time on education.
They will also incur provincial debt, because most provinces are in a deficit right now. They will be responsible for retiring that debt, so that will be incurred by them.
They will also actually secure a participation rate in a federal debt, as we are federally indebted, and they will again have to pay for the allocations and programs that are assigned over the different budgets.
Lastly, they'll also have to incur the costs of those provincial and federal governments of any private sector incentives that are provided for because we are in debt. Reductions in taxes, SR and ED tax credits, and other types of incentives are all borrowing costs that they will then have to pay back.
So when we're looking at fair dealing here, one of the things that hasn't been solved is the fair dealing of students and what they're actually contributing to the greater Canadian economy. Hence, hopefully when we see something come out of this, there will be some type of recognition that they are probably one of the single largest customers who are still not receiving probably the reciprocity they deserve.
With that, the public funding and sharing of information with regard to the grants that are provided for those things have been noted. I believe there's probably some necessity for private sector participation. If you were a benefactor of public funds from the private sector, should there perhaps be some sharing agreements, given the fact that it could be the research and development grants that are provided? It could be, again, tax reductions or abeyance, or government programs where they receive research, and not only that but also staffing components through some of the job creation programs that are out there. Is there perhaps a role in the private sector to actually share when they receive some money from the public purse?