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Industry committee It's important, but our members have questions. One of them is in Saskatchewan, and he is wondering why his competitor in southern Ontario can get funding to automate his plant but he can't.
May 31st, 2016Committee meeting
Martin Lavoie
Industry committee At the same time—
May 31st, 2016Committee meeting
Martin Lavoie
Industry committee Yes, but there is a lot of food processing in the Maritimes, in Ontario and in Quebec. There are regional realities, sure, but standardization is needed in order to be fair to all businesses across Canada.
May 31st, 2016Committee meeting
Martin Lavoie
Industry committee What do you mean by globalization?
May 31st, 2016Committee meeting
Martin Lavoie
Industry committee The programs can be standardized in Canada, but there still need to be regional eligibility differences.
May 31st, 2016Committee meeting
Martin Lavoie
Industry committee We spoke about the patent box tax incentive, which is one approach. I appeared before this same committee two years ago for a study on start-ups in Canada. Communitech in Waterloo informed us that 66% of start-ups that receive capital funding end up being sold abroad at the end
May 31st, 2016Committee meeting
Martin Lavoie
Industry committee During the great recession of 2008 to 2010, if I may call it that—
May 31st, 2016Committee meeting
Martin Lavoie
Industry committee —the auto sector which is concentrated in Ontario, was greatly weakened. Quebec was seen as being less affected by the recession, and the value of the manufacturing sector in the economy still remained a little higher. That said, Quebec has its own challenges, as we saw recently
May 31st, 2016Committee meeting
Martin Lavoie
Industry committee Absolutely.
May 31st, 2016Committee meeting
Martin Lavoie
Industry committee Patent box is a tax regime that is in place in some countries, such as the United Kingdom, Belgium, and the Netherlands. What it does is decrease the corporate income tax rate for products that are the result of commercialization of an IP in the country. It is trying to link the
May 31st, 2016Committee meeting
Martin Lavoie