SR and ED tax credits were beyond the purview of our committee report. We did hear a lot about SR and ED tax credits, because a lot of universities have intensive R and D activities with Canadian companies. It came up multiple times. I can't address the details of your question.
Let me just point out that, given the very high participation of small and medium enterprises in Canada, the fact is that many of them have difficulty attaining SR and ED tax credits. The question of the country of origin is beyond my expertise.
In the structure of the Canadian economy, SR and ED tax credits are not accessible to or are difficult to obtain for SMEs, which are a large part of the Canadian economy. When looking at the innovation portfolio and how to better support innovation for Canadian companies, it would be important to think about instruments that are designed for or work very well with Canadian SMEs. SR and ED tax credits do that to some extent, but a revised approach to supporting innovation for SMEs is probably warranted.
Help them to have R and D projects with universities and colleges, because a lot of HQP comes from universities, polytechnics and colleges. Trying to build the links between those academic institutions and SMEs is something that needs to be looked at very seriously, beyond existing SR and ED tax credits.