Finance committee  No, I don't have much to add. Sean has made a much more extensive study on this. We haven't published anything specifically on capital gains. I think I was asked earlier if we favoured income splitting or a capital gains.... I think the most important thing is that we're talkin

Finance committee  Mr. Chair, with your permission, I'm going to answer that question in English. I think the increase in the eligibility age for OAS is a good first step. I did a paper for the Fraser Institute on those who are unpensioned, and noted in it that the easiest way to address the pensi

Finance committee  I have a couple of things to say here. One is about your question about the incentives we should be giving companies for more training. That is one of the conundrums, because firms don't invest a lot in training of their employees. It's actually declined over time and is now ne

Finance committee  Very much so. I gave projections, for example, of what the aging of the population by itself is going to add to the federal debt. The federal government isn't even the one that's primarily responsible for delivering health care, so you can imagine what the effect of this is going

Finance committee  It's not going to work by making cuts of 2% across the board for a couple of years.

Finance committee  A lot of people would be surprised to hear that Ontario adopted a balanced budget legislation in the 1990s. The first thing the next government did was basically throw it out, and say it's no longer binding. You can pass laws saying well, we'll do this and that, but I don't think

Finance committee  Thank you, Mr. Chair. I'd like to summarize. The MLI has done a couple of research reports in the area of federal deficits. One result that I think most members would be familiar with is the impact of aging on future deficits. Another impact I'll be discussing is the implication