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View Lloyd Longfield Profile
Lib. (ON)
View Lloyd Longfield Profile
2019-06-19 21:36 [p.29485]
Mr. Speaker, when I hear the member speak, I think of her riding and the amount of time I have spent in the automotive industry, working on automation applications on tier 2s and tier 3s and also going on to tier 1s.
I want to correct one thing for the record. In terms of the labour value content, it states that 40% of a passenger vehicle and 45% of a pickup or cargo vehicle must be made by hourly workers who earn a wage of $16 U.S. an hour or more. There are other provisions in terms of R and D credits and credits for high labour value areas.
I have seen the automotive industry go up and down over the years. Usually it was the exchange rate that put us out of work, or it was changes in technology. Right now, we have really good conditions for the automotive industry, with the lowest marginal effective tax rate in the G7, 13.8%, and 100% writedown of investments on buildings when we are trying to green buildings. As well, our exchange rate is very stable where it is, so things should look pretty good for Windsor.
Could the member comment on any positive things that she sees developing in the automotive industry in Windsor?
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