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Canadian Heritage committee Can I add my two cents?
October 30th, 2012Committee meeting
Rob DePetris
Canadian Heritage committee Or maybe not any sense. I respect the Writers Guild, but last time I made a video game—now I'm at KPMG—I had a team of 100 people and I had three or four writers—and maybe you guys can fill me in. The majority of people we're talking about here are programmers and artists, and s
October 30th, 2012Committee meeting
Rob DePetris
Canadian Heritage committee I didn't say that.
October 30th, 2012Committee meeting
Rob DePetris
Canadian Heritage committee He said that over there, just so we're clear.
October 30th, 2012Committee meeting
Rob DePetris
Canadian Heritage committee An example of that would be where the Ontario government has put together a fund to invest in certain innovative projects, a fund of funds.
October 30th, 2012Committee meeting
Rob DePetris
Canadian Heritage committee If I were in charge, I would do less picking of winners and losers in using a fund. I would start off by asking: What is the success of this fund? Are you making money on it? The criteria seems to be that you should be investing in commercially viable ventures. It's a repayable l
October 30th, 2012Committee meeting
Rob DePetris
Canadian Heritage committee I would put the money into infrastructure, into investing in incubators to help small entrepreneurs. The federal government has done some of this in my hometown. I would put the money into looking at systems and credits or grants that go out to people, without trying to pick a wi
October 30th, 2012Committee meeting
Rob DePetris
Canadian Heritage committee Most of the tax credits for small companies across Canada are on completion of projects, as Jason was saying. The larger companies have annualized tax credits. The difference is you can't go to the bank with these credits that are based on finished products because the bank won't
October 30th, 2012Committee meeting
Rob DePetris
October 30th, 2012Committee meeting
Rob DePetris
Canadian Heritage committee Yes, I'm going to take a different tack on this. I want to thank you for inviting me. It was so important to me that I gave up Tuesday night bowling. Basically, my role at KPMG is tax, but in the past I worked at a video game company. I was vice-president of finance for a dome
October 30th, 2012Committee meeting
Rob DePetris