Thank you, Mr. Chair.
Mr. Stringham, I do not want to get again into the debate of whether the accelerated capital cost allowance is a subsidy or not. However, in your presentation, you said that the allowance was something quite technical. There is something that needs to be cleared up.
In your presentation, under the heading “Available-for-use rule”, it states that:
No capital cost allowances until protection begins (even though it is spent earlier) or three years after investment.
What is meant exactly by that three-year period?