Skip to main content
Start of content

FINA Committee Report

If you have any questions or comments regarding the accessibility of this publication, please contact us at accessible@parl.gc.ca.

PDF

CHAPTER 6: RECOMMENDATIONS

1.    That the federal government, acknowledging the current fiscal situation, restrict new spending commitments in the upcoming budget and continue to reject new costly and irresponsible spending.

2.    That the federal government remain focused on its plan to return to balanced budgets in the medium term.

3.    That the federal government vigorously and continually review spending of taxpayers’ money to eliminate all waste and inefficiencies, including through the elimination of government programs that no longer serve their purpose or achieve their intended results. This should include an ongoing review of corporate assets to obtain the most effective and efficient use of government resources, ensuring value for taxpayers.

4.    That the federal government reaffirm its commitment, as it seeks to return to budgetary balance, not to reduce transfers to persons, including those for seniors, children and the unemployed, or transfers to other levels of government in support of health care and social services, equalization and the gas tax transfer to municipalities.

5.    That the federal government reaffirm its already strong commitment to keep taxes low and not impose new taxes on Canadians, especially any form of a carbon tax that would harm key sectors of the economy, while passing the costs on to Canadian families.

6.    That the federal government review public sector compensation and benefits to ensure their ongoing financial sustainability, and align them more closely and make them more competitive with other public- and private-sector employers.

7.    That the federal government and the Bank of Canada continue to support the current inflation-targeting framework.

8.    That the federal government, in collaboration with the provinces and territories, continue its strong support and promotion of the skilled trades, such as exploring the feasibility and cost of new support programs or tax incentives to help skilled workers and their mobility. This should include continued support for Skills Canada to ensure the continued promotion of trades in secondary schools and to address youth unemployment and underemployment.

9.    That the federal government explore options to reform and reorient Labour Market Agreements with the provinces and territories to better promote skills training and more effectively respond to labour market needs, such as in the construction sector.

10. That the federal government continue its modernization of Canada’s immigration system to a “fast and flexible” system better focused on labour market needs, thus supporting economic prosperity for all Canadians. The government should also review the minimum language thresholds of the Federal Skilled Worker Program.

11. That the federal government review the Temporary Foreign Worker Program to ensure that it better and more accurately responds to Canada’s labour market needs.

12. That the federal government, working with provinces and territories, continue to improve foreign credential recognition for immigrants to Canada.

13. That the federal government continue its efforts committed to make targeted, common-sense changes to make Employment Insurance a more efficient program focused on job creation and labour market needs.

14. That the federal government review the upcoming report of the Panel on Labour Market Opportunities of Persons with Disabilities to identify ways to increase the labour market participation of disabled persons.

15. That the federal government continue programs that help to ensure that older workers have access to the training they need to secure new employment.

16. That the federal government continue to acknowledge the even greater contribution that Aboriginal peoples can make to the labour market by reducing barriers to their increased participation in Canada’s economy.

17. That the federal government implement a jobs plan by providing continued support to the Aboriginal Skills and Employment Training Strategy model and other proven programs to help First Nations and other Aboriginal groups fill the skilled job shortages. Furthermore, the government should continue to work with First Nations to address our shared priority of improving First Nations educational outcomes and to fulfill its commitment to having in place, for September 2014, a First Nations education act while also exploring mechanisms to ensure stable, predictable and sustainable funding for First Nations education.

18. That the federal government continue to work towards improving financial literacy as outlined in Motion M-269, which was proposed by James Rajotte, M.P. and was supported by the House of Commons.

19. That the federal government continue to implement pooled retirement pension plans, including through working cooperatively with provinces and territories on the introduction of such plans.

20. That the federal government continue to ensure a competitive tax system to promote job creation and attract new investments, including through a continued commitment to the recently implemented corporate tax rate reductions and ensuring competitive personal income tax rates.

21. That the federal government explore ways to simplify the Income Tax Act to reduce the complexity and inefficiency of its administration, including through the establishment of a royal commission to undertake a comprehensive review. Additionally, the government should ensure the timely assessment of income tax returns and explore the possibility of permitting consolidated reporting.

22. That the federal government undertake a comprehensive review of the tax system and ensure its fairness as well as neutrality by continuing to close tax loopholes that allow select taxpayers to avoid paying their fair share of tax.

23. That the federal government examine further ways to better equip the Canada Revenue Agency to combat tax evasion while working collaboratively with law enforcement agencies to prosecute tax evaders.

24. That the federal government examine tax provisions in relation to estate and succession planning and their impact on the transfer of family-owned businesses.

25. That the federal government remain vigilant in examining ways to improve Canada’s international tax competitiveness, including through the continued implementation of the recommendations of the Advisory Panel on Canada's System of International Taxation.

26. That the federal government continue to implement the recommendations of the Red Tape Reduction Commission, such as the “One-for-One” Rule, to reduce irritants to business that impede growth, competitiveness and innovation. This could include exploring the possibility of standardizing business reporting language, known as XBRL, to reduce compliance costs for taxpayers and enhance federal data collection.

27. That the federal government continue to review the recent report of the Advisory Panel on Canada's International Education Strategy to identify ways that Canada, working with the provinces and territories, can become a leader in international education and contribute to Canada’s long-term prosperity.

28. That the federal government continue its work to promote linkages between the private sector and academic institutions to further economic growth and innovation. This should include working with provinces and territories, school boards, colleges and universities to facilitate an improved understanding of labour market needs, such as encouraging graduate student internships in a range of disciplines.

29. That the federal government explore the feasibility and cost of exempting additional in-study income from the Canada Student Loans Program assessment of borrowers’ assets.

30. That the federal government continue to support research and development to help ensure Canada’s ongoing competitiveness.

31. That the federal government continue to refocus the National Research Council toward research that assists Canadian entrepreneurs in developing innovative products and services.

32. That the federal government continue its efforts to streamline and improve the Scientific Research and Experimental Development tax incentive program, including through implementation of its commitment to direct savings generated by these actions to more direct support for innovative private-sector businesses.

33. That the federal government move forward with its commitment to enhance access to venture capital financing.

34. That the federal government consider how to include co-operatives and new forms of social enterprise and social finance in policies and programs.

35. That, in order to improve opportunities for cooperative development, the federal government create a new partnership with the co-operative sector and Industry Canada.

36. That the federal government continue to pursue its aggressive trade agenda, including through continued pursuit of free trade agreements and the conclusion of tax treaties with foreign governments, to help eliminate barriers for Canadian goods and services in new export markets.

37. That the federal government continue to implement the Perimeter Security and Economic Competitiveness Action Plan and the Regulatory Cooperation Council Joint Action Plan to facilitate trade and investment with the United States.

38. That the federal government review the relevance of the current tariff regime on consumer goods, especially those not produced domestically, and examine the impact of their removal on household costs and government revenue.

39. That the federal government continue to work cooperatively with willing provinces and territories towards establishing a common securities regulator in order to better protect Canadians and promote the integrity of Canada’s financial system.

40. That the federal government continue to encourage provinces and territories to eliminate internal barriers to trade and mobility within Canada.

41. That the federal government continually review all relevant legislation and regulations to ensure the safety and security of the financial sector, thereby maintaining Canada’s standing as having the soundest banking system in the world.

42. That the federal government continue to examine ways to better protect consumers of financial sector products and services.

43. That the federal government further enhance the neutrality of the tax system by eliminating inefficient fossil fuel subsidies, in line with Canada’s recent Group of Twenty commitment.

44. That the federal government continue to promote tax incentives to encourage the development and use of clean energy generation.

45. That the federal government, in conjunction with the provincial and territorial governments, continue to support clean energy projects, including the Lower Churchill hydroelectric project.

46. That the federal government continue to explore methods to encourage value-added domestic production in the energy sector.

47. That the federal government explore the cost and feasibility of expanding the accelerated capital cost allowance (ACCA) to encourage the construction of domestic infrastructure in relation to downstream activities in the oil and gas sector, such as transportation, refining and upgrading.

48. That the federal government expeditiously encourage and support the development of infrastructure in relation to liquefied natural gas exports.

49. That the federal government consider extending the temporary 15% Mineral Exploration Tax Credit for flow-through share investors for an additional year to support junior mineral exploration.

50. That the federal government, in order to remain competitive in the North American market, explore the cost and feasibility of tax incentives, such as the accelerated capital cost allowance, or other support programs to improve the affordability of commercial natural gas vehicles and the use of natural gas as transportation fuel to reduce air pollutants and support economic growth.

51. That the federal government continue to work to further strengthen Canada’s traditional industries, like agriculture, manufacturing and forestry, with innovative ways to support their productivity and competiveness.

52. That the federal government, as most recently committed in the 2012 budget, continue to engage provinces and territories, the Federation of Canadian Municipalities and other stakeholders on the development of a long-term plan for public infrastructure that extends beyond the expiry of the Building Canada plan in 2014, with a focus on economic infrastructure that supports long-term growth.

53. That the federal government continue to promote public-private partnerships, or P3s, for public infrastructure, where they can produce better value for taxpayers’ dollars.

54. That the federal government continue to improve health research for the health care sector and health professions to further improve health care delivery for patients and reduce costs through improved efficiency, including through consideration of the development of pan-Canadian health indicators and promotion of best practices, such as the St. Boniface Hospital’s Lean transformation program and the Canadian Centre for Innovation in Health Care.

55. That the federal government, building on recent actions for family physicians, nurses and nurse practitioners, examine the cost and feasibility of forgiving a portion of loans under the Canada Student Loans Program for new psychologists and other under-represented health care professionals who practise in underserved rural or remote communities.

56. That the federal government consider additional funding for the Canadian Institute for Military and Veteran Health Research.

57. That the federal government continue with and strengthen its efforts to combat contraband tobacco by working to reduce its trafficking, including through the establishment of a Royal Canadian Mounted Police anti-contraband force.

58. That the federal government renew the Roadmap for Canada's Linguistic Duality, with a special focus on efficient and targeted support for minority language communities.

59. That the federal government commemorate Skate Canada’s 100th anniversary celebration, including through consideration of additional support for the organization and its development of amateur figure skating in Canada.

60. That the federal government continue to facilitate greater charitable giving by Canadians, including through examination of the forthcoming recommendations in relation to the House of Commons Standing Committee on Finance’s study on tax incentives for charitable donations.