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October 24th, 2006Committee meeting

Riley Pye

Finance committee  That's absolutely correct. The CCA is simply a percentage of the asset that's applied against income over time. The issue we have is that the extension on some of it is over extremely long periods of time, using declining balance methods that don't permanently write off an asset

October 24th, 2006Committee meeting

Riley Pye

Finance committee  There's no question that our company was one of the companies that supported the lumber deal that was recently reached by the Government of Canada, particularly with regard to getting an exemption for Atlantic Canada or the Maritimes, which historically we've had in many other pa

October 24th, 2006Committee meeting

Riley Pye

Finance committee  I can only speak to our company's experience, where we certainly spend a great deal of time documenting and putting out these programs. Most of the programs we have in place are in areas where we have organized labour. All of these agreements we have in place are outside of the l

October 24th, 2006Committee meeting

Riley Pye

Finance committee  I think one of the things that happens in the private sector versus what may happen in other sectors is that companies certainly are going to be very careful before they hand out any extra money to employees that they don't have to. If there is to be extra incentive-based compens

October 24th, 2006Committee meeting

Riley Pye

Finance committee  There are a number of projects in the paper mills, pulp mills, and sawmills, particularly around energy consumption. Energy is a huge cost in both newsprint and specialty paper production, and in sawmill production. Some of the projects we're looking at include some sort of coge

October 24th, 2006Committee meeting

Riley Pye

Finance committee  This is really through accelerated capital cost allowances, rather than through subsidies or grants. We believe that accelerated capital cost allowances are the appropriate forum for government to participate in capital projects. This means that only successful companies that ha

October 24th, 2006Committee meeting

Riley Pye

Finance committee  Thank you, Mr. Chairman. We appreciate the opportunity to speak here today. Mr. Irving sends his regrets that he wasn't able to be here in person today, due to another commitment. Canadian manufacturers, and particularly exporters, have been challenged by a high Canadian dollar

October 24th, 2006Committee meeting

Riley Pye