Finance committee  Support of R and D initiatives would make Canada more competitive in terms of innovation. The low tax rates do assist in foreign companies investing in Canada. We usually get the benefit of the technology from foreign jurisdictions if they're going to manufacture or produce som

Finance committee  I certainly think it would. It makes it an attractive place to do business. In particular if it's a profitable business, if it's taxed at lower rates, more cash is available to invest back into the business.

Finance committee  I expect they are, but we have to remember that things don't happen overnight. Canada's rates have gone into the competitive norm probably only in the last three to four years. In addition, the U.S. economy is the biggest economy in the world, and obviously they have an enormous

Finance committee  I apologize for not being ready the first time around. There are provisions in the act that allow an ad hoc transfer of losses, basically with the tolerance of Revenue Canada. There are not any specific provisions set up to allow it without, for example, amalgamating corporation

Finance committee  Ultimately a stable business environment, so businesses can take the risk of investing the money in terms of an actual tax policy.... Quite frankly, I don't think it's tax policy per se that would do that. I think it's assuring them that their shareholders are not taking on too m

Finance committee  I would agree that the government has to take the initiative to stimulate.

Finance committee  On your first question, our observation is that certainly within the OECD there is a tendency to reduce business taxes. We're in a competitive world. Canada is competitive relative to its OECD trading partners. But to respond to you more generically, we need to continue to make s

Finance committee  Thank you, and good morning. I am the general director of taxes for General Motors of Canada Limited, and I am here today as the international president of the Tax Executives Institute. TEI is the pre-eminent association of business tax professionals worldwide. Our 7,000 memb