Finance committee  I don't have comments on trade.

Finance committee  The last point I was going to make was with respect to pensions related to the Canada Pension Plan and retirement funding. Financial Executives has discussed the concept of expanding the Canada Pension Plan program to allow employees to elect to contribute more to their Canada

Finance committee  I'll just make a few points. FEI Canada has suggested this year and last year that there be a national framework on retirement planning, retirement income. It is an issue that's coming down the road. As far as pensions go, many corporations view pension plans as part of the com

Finance committee  I'll stop if you like.

Finance committee  One of the principles we've spoken about when we've been here before is some consistency and clarity in the provisions of the Income Tax Act. We appreciate that we're not going to shrink it down to the act of World War I—

Finance committee  That was excellent to clear up a lot of old outstanding issues. It's that type of work that we're talking about. There is also taking things such as what was mentioned in the submission—allowing more flexibility among corporations to move deductions. Losses are one example of t

Finance committee  As far as a study, no, we have not looked at the eighties. We know that audit techniques that have been undertaken in the last 20 years have improved, so we have confidence in the CRA to audit these projects. With the definitions of SR and ED, it's a critical program. I'm sorry,

Finance committee  In fact, keeping with the theme of tax simplification, we would actually want to use the same model that's used in the oil and gas and the mining industries. We're not trying to recreate the wheel. Those programs are working effectively. The idea is simply to take a model that wo

Finance committee  I think right now we have to appreciate that the SR and ED tax system deductions and credits are already being audited when companies are filing their tax returns and claiming these deductions and credits. We're simply taking it one step further and issuing them out to sharehol

Finance committee  —and particularly beneficial for similar public innovative companies that are not entitled to refundable SR and ED tax credits. This recommendation should attract investable capital from idle cash in the private sector that could be deployed to increase innovation activity in Can

Finance committee  Good morning. I'm Peter Effer, chair of the policy forum of Financial Executives International Canada, and we are honoured to be here today. FEI Canada is a voluntary professional membership association comprised of 1,700 of Canada's chief financial officers and other senior

Finance committee  Yes, sir.