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Finance committee The formal comments were focused on taxation, but the submission we made to the committee actually covers how to accelerate growth in a broad way, including other areas of competitiveness besides taxation. These include things like enhancing regulatory competitiveness, which mean
October 5th, 2018Committee meeting
Craig Alexander
Finance committee Today's comments were focused on taxation, but in our submission we talked about how to accelerate growth, how to enhance regulation, how to create the workforce of the future and attract international capital to Canada to drive economic growth and competitiveness. The submission
October 5th, 2018Committee meeting
Craig Alexander
Finance committee The tax rate on capital has an impact on investment. Investment helps drive economic growth. Economic growth creates jobs and it also creates income, which then creates fiscal capacity for governments. It's a holistic circle. At the same time, there has been criticism in the past
October 5th, 2018Committee meeting
Craig Alexander
Finance committee I think that, ultimately, when it comes to skills development and building the workforce of the future, you need to take a balanced approach. In the past I've actually been a strong advocate for early childhood education because it's building the workforce of the future. But like
October 5th, 2018Committee meeting
Craig Alexander
Finance committee It's a big conundrum. When you think about Canada's R and D, we've actually had very generous tax credits for a very long period of time. It's a question of why it isn't translating. One of the things we have observed is that in Canada, relative to other countries, we do more of
October 5th, 2018Committee meeting
Craig Alexander
Finance committee When I go abroad to pitch Canada and I try to get foreign companies to look at Canada as a destination, I basically pitch Canada in three areas. Number one, come to Canada because we have the most educated, most skilled workforce in the advanced world. It speaks to a lot of the
October 5th, 2018Committee meeting
Craig Alexander
Finance committee Let me field that question as an economist. When we look at the outlook of the Canadian economy, the economy grows because you either have more workers or you use your workers more productively. Productivity, basically, is heavily affected by your capital investment. When we l
October 5th, 2018Committee meeting
Craig Alexander
Finance committee The priority is to find ways to improve productivity competitiveness and to increase economic growth so that the income pie gets bigger and it's easier to meet socio-economic priorities. Ultimately, this calls for balance. I've appeared before this committee many times. I've app
October 5th, 2018Committee meeting
Craig Alexander