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Finance committee  Sure. Very much along those lines, the taxonomy is clearly important, and the other thing is disclosure, frankly. Investors deserve to know where exactly their money is going, what exactly it's going to yield and at what level of risk. We don't have that yet. I think concurrent

November 2nd, 2023Committee meeting

Alex Gray

Finance committee  I think the two threats I'm hearing most from businesses are concerns about labour mobility in terms of retirement funds being applicable across provinces, and how that would affect business operations. Any business that operates in Ottawa and Gatineau can tell you that moving em

November 2nd, 2023Committee meeting

Alex Gray

Finance committee  Oh, absolutely. Yes.

November 2nd, 2023Committee meeting

Alex Gray

Finance committee  Yes. I think that's right.

November 2nd, 2023Committee meeting

Alex Gray

Finance committee  I believe it's the report by Rebekah Young. I think it has very important fiscal implications that everyone from all parties can appreciate, which is that if we don't create more social housing, if we don't lower the cost of housing, the cost of government transfers will necessar

November 2nd, 2023Committee meeting

Alex Gray

Finance committee  No. I didn't quite read it that way.

November 2nd, 2023Committee meeting

Alex Gray

Finance committee  We've recommended extending capital cost allowances, for example, to make it more attractive for businesses to invest in the capital that makes them more productive. When we talk about productivity as an issue, I think it sometimes comes across as thorny to people. They think,

November 2nd, 2023Committee meeting

Alex Gray

Finance committee  Sure. It's very common in other jurisdictions to do that. Four per cent is startlingly low.

November 2nd, 2023Committee meeting

Alex Gray

Finance committee  Federalism is a tricky thing. It's the bane of all of these recommendations that we put forward. I think the role of the federal government is twofold. Primarily, it is to serve as a convener for the provinces and in some cases municipalities, to set the stage for that dialogue

November 2nd, 2023Committee meeting

Alex Gray

Finance committee  The extension of 18 days is quite a short extension, frankly. It just seems like a half measure. If you're opening to extending it, why not actually extend it?

November 2nd, 2023Committee meeting

Alex Gray

Finance committee  Yes, I think that's broadly supported at this point. It's been a couple of years, and businesses are still struggling. The economy looks a lot different than it did at the beginning of the pandemic. I see very little downside.

November 2nd, 2023Committee meeting

Alex Gray

Finance committee  I think that given the scale of the program and the consequences of possibly not extending it, i.e., the closure of further small businesses, I think the effect is probably minimal.

November 2nd, 2023Committee meeting

Alex Gray

Finance committee  I think this government should very strongly consider that over the past eight years, we have said extremely similar things in our submissions, which is about the need for pro-growth economic policy and pro-growth taxation policy. On the tax point, I believe it was promised in t

November 2nd, 2023Committee meeting

Alex Gray

Finance committee  Sure. I'll start with the alcohol tax, because that's very simple. The fact that it's an automatic escalator tax means that it eludes parliamentary review. If we want to raise taxes on a thing, it should go to debate. I think that's pretty simple and clear. As for credential rec

November 2nd, 2023Committee meeting

Alex Gray

Finance committee  It is my privilege to represent the Canadian Chamber of Commerce and deliver a simple but alarming message. Canada's economic competitiveness is slipping. Ultimately, it is economic growth that underpins our standard of living and our ability to provide the services Canadians req

November 2nd, 2023Committee meeting

Alex Gray