Finance committee  We know studies show that investment in human capital, physical capital, and innovation, which we call creativity, will eventually lead to increased productivity that will eventually lead to a higher standard of living for Canadians. In this paper, we're recommending more investment, in particular in innovation, which will create productivity, which will end up with a higher standard of living for Canadians.

Finance committee  We've made three points, effectively. We would like more investment in ICT training, more investment in the SR and ED refundable portions for larger corporations, and more investment in issues with respect to combatting piracy. We're saying that investment in training and ICT would lead to improved productivity.

Finance committee  Thank you for the question, Mr. Roy. The why is more difficult, of course. We do know from studies initiated by the government that there is an issue with productivity in Canada. We know, for example, that the government's Competition Policy Review Panel issued a report in 2008 indicating that the productivity growth has led to astonishing and highly unsatisfactory outcomes.

Finance committee  Good morning, Mr. Chairman, distinguished committee members, and fellow presenters. I am pleased to be with you today to represent Certified Management Accountants of Canada. CMA Canada has delivered a consistent message to this committee over the past six years: Canada's productivity performance must be improved.