There have been many recommendations put forward to accelerate CCA.
I think there are three issues the finance department has to grapple with. The first is an assumption that all investments are the same. I challenge that; I don't think all investments are the same. I think some investments are much more productive than others.
The second issue is an economist's argument that there should be uniform tax treatment across all sectors and that the CCA treatment of an asset should reflect the economic life of an asset: the length of time the asset is in production. I'd argue that to some extent, the economic life of an asset reflects the tax treatment of that asset.
My third argument is a reluctance to use the tax system as the Americans and many other countries that are our competitors do: as an advantage to promote investment in high-value-adding sectors of the economy.
The Americans adopted a bonus depreciation system in 2002 explicitly because the American dollar was high and because investment in manufacturing was not only dropping, but they were seeing the rapid closure of many manufacturing operations in the United States. We don't have that. To date, the finance department has not seen this to be an important part of tax policy.