Innovation and competitiveness

The fiscal framework has a powerful impact on the pace of private-sector innovation and the competitiveness of Canadian enterprises. But a much broader range of policies affects the ability of Canadians to succeed in the global marketplace. The Council supports 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.

A strong regime of intellectual property protection is needed to retain talent, encourage leading-edge research and attract business investment to Canada, while also nurturing the ability of Canada-based companies to provide value-added and highly innovative goods and services to international markets.