
The fiscal framework by itself has a powerful impact on the pace of
innovation and the competitiveness of Canadian enterprises by influencing
what it makes sense for companies and individuals to do. But a much
broader range of policies affects the ability of Canadian companies
to innovate and compete in the global marketplace.
The onset of global recession has made it more important than ever
for Canada to pursue a comprehensive competitiveness strategy. The Council
strongly supported the June
2008 final report of the Competition Policy Review Panel, and continues
to support a competitiveness agenda that includes: reinforcing Canada's
superb pool of talent through education, training and immigration; encouraging
entrepreneurship; reducing personal and corporate tax rates; fostering
research and innovation; investing in public infrastructure; developing
smarter regulation; demonstrating leadership on energy and the environment;
and strengthening Canada's relationships within North America and globally.