Thank you, Mr. Chair.
Thank you for the witnesses who are here today.
One question I want to ask is not a Canadian question, although you can draw parallels to it. It's about what's currently happening in the tech sector in the United States. What has traditionally been in, say, New York and the Silicon Valley is now moving to Austin, Texas, and to Miami. The reason isn't the climate. It's because of regulation and taxation at both the corporate level and the personal.
If we draw the same context to Canada, are we competitive? It just seems to me that there are more taxes and more regulations. I'm not trying to be political here; that's just the way it seems. I'm wondering if either of you can provide any context to that. Is that an impediment to innovation or to the commercialization of innovation?