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Finance committee  Thank you very much for that very good question. Yes, what you're raising is, in effect, the timing of the benefits. Most R and D performers are competing in a global economy, and what's really happening here is it's a competition of Canada versus India and China. Those decision

November 27th, 2007Committee meeting

Peter Look

Finance committee  Thank you very much. First of all, with respect to taking the R and D refundability and moving out of the country, under the proposal we're talking about, that will not happen. That's because the historical amounts will just be earned off as companies become profitable here in C

November 27th, 2007Committee meeting

Peter Look

Finance committee  Thank you. Our proposal is to take the historic pool of tax credits and allow companies to earn them off, so that over time the rules will not change and the companies will stay in Canada, become profitable, and ultimately benefit from the past. The proposal is to make the pro

November 27th, 2007Committee meeting

Peter Look