That should definitely be done.
The Intellectual Property Institute of Canada has been promoting a measure like that for several years. The advantage of that kind of incentive comes downstream from an intellectual property strategy deployed at the outset. When we talk about an intellectual property taxation regime, also known as a patent box or an IP box, which is what this tax deduction incentive for the commercialization of innovations happens to be, the intellectual property assets have to exist. They have to be made available to areas where commercialization needs to be encouraged. This generally occurs a fairly long time after initial patent applications have been filed, when the innovation has become a reality.
Once again, the measure needs to fit into a continuum of measures that would truly enable companies to concentrate on innovating and protecting their innovations and the various forms of intellectual property. That's when proper commercialization on behalf of Canadian companies occurs.