The federal budget must help Canada keep pace with the world GlobeBusiness
Craig Alexander is partner and chief economist at Deloitte.
In partnership with the Business Council of Canada, we recently examined how Canada compares with 12 key global competitors, including the United States, Britain, Germany, France and Japan.
The federal government’s commitment to investing in skills development, building on the recently announced Future Skills Centre, will help Canadians stay at the top of the world rankings. But while this is all positive, our analysis indicates Canada’s ability to compete relies on many other factors. An announcement we would strongly encourage – and without a fiscal impact – would be a pledge to conduct a broad review of the Canadian tax system. This could set the stage for creating simpler and clearer tax laws, allowing Canada’s business sector to concentrate on improving productivity and competitiveness through capital investments and job creation.
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