Mr. Speaker, I want to touch on what my colleague from Halifax had touched on in her presentation, which is the failure of the government to recognize the innovation agenda.
What we have seen in other jurisdictions is that just going down the tax credit route for R and D actually fails. We have corporations sitting on tons of cash and they are not investing. However, when we look at other jurisdictions, and I will reference Germany, there are no tax credits for R and D. It invests in the public sector and is doing much better.
I am wondering why the government continues to go down the path of corporate taxes without any strings to get those companies to invest when the Minister of Finance acknowledges that he cannot get them to invest. He is trying to encourage them but he does not have the policy framework. R and D is not working in this country because of failed policies.
Why is the government not looking at other jurisdictions, like Germany which has successfully invested in the public sector to get things moving for R and D?