When we're talking about some of the challenges that we're facing in the business community and in the economy, it's also important to note that Canada's R and D intensity ratio of 1.8% remains below the average of 2.7%, which placed us in 17th position in 2020. When we're looking at it from a business perspective, it is about creating a competitive environment in a global environment, so it is, as I said, the tax and regulatory system that is making it very difficult to get projects built in Canada.
B.C. is a very expensive jurisdiction compared to other jurisdictions in Canada and globally. The layering on of taxes, which I talked about, particularly hurts small and medium-sized businesses. However, it's also the investment. On some of the questions about what would help businesses, what would incentivize them to deal with the increase that they're facing on business inputs and what would incentivize them to get their workers trained for the future for what they need, there needs to be a wholesale look at.... Just like the way governments at all levels have been looking at the affordability crisis in terms of families and individuals, there is an affordability crisis for businesses when it comes to taxes and regulatory measures. Therefore, it really does take a full economic growth agenda to ensure that government is creating the conditions in which businesses can thrive.
