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Finance committee Most of the members here probably know that around the world, corporate tax rates are coming down. In decisions about where to invest capital, tax rates are a huge element in making the decision. If you can choose between the U.K., where the rate is 23%, and Canada, where the rat
October 15th, 2012Committee meeting
Bonnie Dawe
Finance committee —by the consumer, yes.
October 15th, 2012Committee meeting
Bonnie Dawe
Finance committee That's correct. Any increase in taxation, especially a tax of that type, will get passed right along to consumers in the end. Quite frankly, there's nowhere else it can go if the company is going to stay in business.
October 15th, 2012Committee meeting
Bonnie Dawe
Finance committee Yes, that's correct.
October 15th, 2012Committee meeting
Bonnie Dawe
Finance committee We have many offices spread across British Columbia and Alberta. I'm located in Vancouver, but we have significant operations in the Edmonton area as well.
October 15th, 2012Committee meeting
Bonnie Dawe
Finance committee Absolutely. It's Fort Mac as well.
October 15th, 2012Committee meeting
Bonnie Dawe
Finance committee It's definitely the largest Caterpillar dealer in the world. In terms of the size of the facility, I don't have that information.
October 15th, 2012Committee meeting
Bonnie Dawe
Finance committee That's correct. The ability to get people up into the Fort Mac region and get them working for us is tough. It's an issue.
October 15th, 2012Committee meeting
Bonnie Dawe
Finance committee Of course—
October 15th, 2012Committee meeting
Bonnie Dawe
Finance committee In some roles, yes, it's definitely the wages, but there are lots of other issues besides wages, such as people leaving their families. People come in from Newfoundland. They fly on planes and live in camps for—
October 15th, 2012Committee meeting
Bonnie Dawe
Finance committee So you know there are other—
October 15th, 2012Committee meeting
Bonnie Dawe
Finance committee I think the question is on bringing corporations together for tax consolidation purposes. If corporations can be looked at as one individual unit, and one corporation is paying its tax bill and contributing in that fashion towards the public and another corporation is not doing a
October 15th, 2012Committee meeting
Bonnie Dawe
Finance committee Yes, I can say that a lot of corporations do pay tax.
October 15th, 2012Committee meeting
Bonnie Dawe
Finance committee Yes, absolutely. A lower corporate tax rate promotes investment. It supports job creation and growth. It supports a stronger economy, and I think we've seen that in the last 10 years--except for the recent period--while the rates have come down. I think that's absolutely the case
October 15th, 2012Committee meeting
Bonnie Dawe
Finance committee In order for a corporation to be profitable, that cost has to be passed on to consumers.
October 15th, 2012Committee meeting
Bonnie Dawe