Mr. Speaker, I want you to imagine what you could do with $60 billion.
Canada is a relatively large country with a very small population. We need more children in Canada. We need a vibrant economy. Yesterday was child care workers appreciation day. We do know that it takes a village to raise a child. We also know that early learning and child care is critically important. The first six years of a child's life is the time when the child is learning and the child's brain is developing the most. We need to invest to help young people, our children, to learn.
One would think that Canada would be investing in early childhood education and yet that is not what I see. On a day that is supposed to appreciate child care workers, I note that those very dedicated workers have an average income of $23,000. There are child care workers in my riding in Toronto who say that $23,000 is not enough money to take care of their own kids and still be able to pay the rent. Imagine earning $23,000 today. Child care workers have two years of early childhood education training. They have a college diploma. Yet still they make $23,000 a year. That is a very low wage.
As a result there is a large turnover in child care workers. The quality of early learning and child care is not improving. Here in Canada we are at the bottom of the heap. We have the lowest dollar amount of investment in all of the OECD countries. It is a shame that we are at the bottom of the heap. Not only is that a problem but there is a very huge multinational corporation involved in child care, called ABC Learning Centres, from Australia. It is organized and owned by a person nicknamed Fast Eddie.
The corporation has seen an opportune moment. It has a different name in Canada, 1,2,3 Busy Beaver, or something like that. That corporation is beginning to take over a lot of the child care operations in Canada. It is trying to buy them up. We are beginning to see big box child care in Canada. Why is that a problem? In Australia, for example, since the big box child care operation has come onto the scene, non-profit child care centres, mom and pop operations are being taken over by the company ABC Learning Centres. As a result, the wages and quality of service have gone down.
In Canada we need to invest in early childhood education from the funding from taxes. We need to have a legislative framework in the form of Bill C-303 to say that the kind of services we are developing in Canada have to be non-profit. The 10 years of corporate tax cuts represent at least $60 billion. Each year we are losing $13 billion that could be invested in early childhood education.
Not only should we invest in early childhood education, but we absolutely need to invest in young people. It is correct to say that in the last 10 years a lot of cuts have been made to post-secondary education. Tuition fees are putting tremendous pressure on many families. Young people in universities are struggling.
We need a new grants program in order to make post-secondary education more affordable. We need to expand the eligibility criteria for the debt reduction in repayment program. We have to increase federal transfers to the provinces to reduce tuition fees. We have to increase funding to support aboriginal students. We need to look at what kind of grant program we can offer to young people.
If we are looking at productivity and investing in our future, we also have to look at investing in immigrants. We have to bring more immigrants to this country.
I note the motion says that we have to deal with the foreign credential problem. This problem has been around for many years. We bring in new immigrants and yet we do not recognize their degrees. As a result, a lot of talent and skill is being wasted in this country. The Conference Board of Canada has said that we are losing at least $1 billion in earnings because new immigrants are not able to practise the profession they had in their home country. On the one hand we do not have enough nurses and doctors especially in our rural areas, and on the other hand, we are saying to these nurses and doctors that they cannot practise their profession in Canada. That is a waste of talent in this country. No wonder our productivity is slipping.
There has been a lot of debate today about how more corporate tax cuts by some magical means would increase our productivity. A graph would show that for the last 10 years our corporate tax rates have declined from 28% to 21%. Those rates will go down to 18.5% by 2011. That is a huge amount of money.
One would think that our productivity would be rising based on the kind of theory that is being thrown out by the Liberals and the Conservatives, but it is not. It has not increased because we are not investing in our young people, we are not investing in our children, and we are not investing in average Canadian families. We are not even investing in research and development. Those are the reasons that our productivity is dropping.
We are also not bringing enough immigrants into this country. One per cent of our population is supposed to be made up of immigrants, and yet over the last 10 years we have never brought anywhere close to 320,000 immigrants into this country. At most, we have brought in 260,000 or 265,000 immigrants. Canada needs more people. We need more young families. We need to invest in them and yet we are not doing so.
We are having this very artificial debate today about the GST, about the corporate tax cuts. What is the difference between the Liberals and the Conservatives? Both parties are saying they will cut the corporate tax rate by 2% each year. There has been no change. That direction was started by the former Liberal government in 2000, and the Conservative government is just continuing with that trend.
With that $60 billion, not only could we invest in children, in new immigrants, and in young people, but we could also invest in our cities, in our crumbling infrastructure, the environment, in energy, to retrofit homes, in farmers, and in artists. There is so much we could do. This is a missed opportunity.