How can canada be more competitive

These tax incentives consist of three components:. Industry Across Canada. Capital Investment and Drilling Forecast. Energy sector provides for Canadians today as it looks to the future. Economic Competitiveness.

Environment Social and Governance ESG Indigenous relations and economic reconciliation Regulatory costs; Tax and fiscal responsibility; Liquefied natural gas industry capital cost allowance; and Subsidies.

Capital Investment. Some anecdotal evidence and the findings of a research outfit from Switzerland are no reason to get complacent after the recovery.

But it also would be a mistake to concede defeat based on pre-crisis assumptions, especially the notion that tax rates alone will decide winners and losers.

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Read more about cookies here. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Sign up. Read the Shopping Essentials newsletter for unbiased, unsponsored product recommendations every week. Read the Shopping Essentials newsletter for unbiased product recommendations every week. Manage Print Subscription. A more effective tiering of education focused on education spending outcomes across the board, rather than on a per-student basis, would help — provinces have different policies for dealing with education but tend to spread their spending like peanut butter.

Perhaps the most encouraging news for Canada is the ranking of our institutions, which is improving, albeit slowly. Public confidence in government and business — on the wane in so many places — appears to be solid in Canada.

One of the problems Canada faces is that too much financial capital is allocated to housing, diverting investment from more innovative fields. The Global Competitiveness Report highlights several more critical challenges facing Canada:. Some of the best gains have been in technological readiness, thanks to the rapid expansion of broadband access and internet use, as well as technology transfers.

More curious, for a country that pioneered telephone technology, is our lack of progress in terms of mobile broadband access. Continued improvements in healthcare and primary education — often cited as the main reasons for those high taxes — are also noteworthy.

Overall, Canadians should not feel too proud about the report. These rankings show we may not be even close to the podium. You can read the full Global Competitiveness Report here. The views expressed in this article are those of the author alone and not the World Economic Forum.