Finance committee  You may be delaying it, but if the corporation keeps the money and invests it in non-operating business activities, it gets taxed at the highest corporate tax rate. If it's reinvested in growing the operating activities of the business, i.e., in hiring more people, funding innova

Finance committee  But on the threshold limit, do you agree that the threshold limit is something that could be revisited?

Finance committee  Thank you for the question. I would encourage the ministry to do its own calculations on the numbers, but—

Finance committee  I would suggest the net impact to the government would be less than $100 million, but that money would be reinvested in future growth.

Finance committee  The money doesn't avoid taxation. Ultimately, at some point, the money comes out of the company and gets taxed anyway.

Finance committee  For the record, I'm not against lower taxes. Tax decreases are always a good thing. However, if I had a choice between adjusting the tax rate on the existing threshold or increasing the threshold, the economic impact of increasing the threshold will be so much greater, because, a

Finance committee  Any additional—and I'll avoid the words “tax” or “payroll tax”—employer-funded cost of employment has to be considered very carefully. Again, a lot of employers are like me. We're going to look at what it costs to hire somebody in this province versus Ontario, versus the U.S., an

Finance committee  Your question is how competitive are we in Canada versus other jurisdictions around the world?

Finance committee  There are many facets to that question, but we are very competitive in Canada. Part of that, obviously, is related to the foreign currency exchange. The current environment makes Canada very competitive in the labour market. We are a net exporter of services, which means we do wo

Finance committee  Certainly. Thanks for the question. As a business in multiple jurisdictions, provinces, and countries, we have a choice about where we hire people. Obviously there are a lot of factors that go into that. One of them is the cost of salaries, wages, taxes, and things like EI premi

Finance committee  Thank you, Mr. Chair. I will be checking all your personal profiles later to make sure that you weren't updating your status during our presentation.

Finance committee  First of all, I would like to commend you on the choice of location for this meeting. I've been in a lot of stuffy meetings rooms, and this is just a wonderful place to be for a meeting such as this. Whoever is responsible for this made a great choice. Thank you. My name is Mich