Tax credits are a value when you're profitable and your business is up and running, but many SMEs are operating on the line as they grow their businesses, especially start-ups. It would be a long time before they start to see the benefit of tax credits, so you're far better off.... A program like SR and ED, the scientific research and experimental development credit, is really only a rebate, and it's good, but it's a rebate to companies that are already profitable.
I started all three businesses I'm talking about today from the ground floor, from concept to completion, and I can tell you, it's a long time and quite a battle. I've never taken a penny of profit out of those businesses, and as they make profit, I put it back in to grow the business. I'm fortunate to have had a career where I was able to make enough money to finance this, but this is where I've obtained my experience with financing and venture capital and BDC and EDC. I think the tax credits are good for the big companies or companies that are already making money. Many companies don't fight for them—