Yes. That is the Management Issues Survey. It focuses on management issues in the manufacturing industry. After the changes to the R&D tax credit were announced, we wanted to see how the companies would react.
It was still very early. The changes had not yet been implemented, but respondents could choose from a range of answers, and about 20% of companies said that they would look into what was being done elsewhere in terms of tax credit because the loss of 5% would seriously affect their ability to reinvest in R&D in Canada. Nevertheless, 69% of companies—or the vast majority—said that they could not necessarily afford to do R&D elsewhere, and that they may cut their budget once the changes were implemented over the next three or four years.