Finance committee  Sure. The patent box is essentially a way of commercializing our innovation by providing for a low rate of tax on revenues, profits generated from that commercialization within Canada. The U.K. launched its patent box in early 2012, and it's now in process. The name comes from

Finance committee  I'll start off. The concept is standardized business reporting. XBRL is a platform that allows that standard to go forward. XBRL essentially is a subset of the SBR that we're suggesting. Really what it does—and this has come before the committee before—is it reduces complexiti

Finance committee  Mr. Chairman, committee members, and fellow witnesses, I am pleased to be with you this afternoon representing the Chartered Professional Accountants of Canada. Thank you for inviting us. As this is the first time CPA Canada is appearing before the committee, I would like to pro