Thanks to our witnesses.
I'd like to go first to Mr. Bleaney.
You mentioned the cuts to the SR and ED program. We've heard a lot from industry testifying at committee against these cuts; notably RIM came to the industry committee and also expressed concerns over these cuts.
We know the government has said they would take these and the money they would be saving from the SR and ED program and putting that into IRAP. What's your take on the allocation of funds?