Canada's carbon tax and excessive regulations are hurting Canada’s ability to attract FDI. Canada could be a leader in ethical and environmental oil if Trudeau and his government did more to support the natural gas and oil sector. Canada's various sectors continue to struggle with capacity issues Liberals continue to pick and choose winners and losers when it comes to grants and subsidies. There is no real strategy to help businesses transition off fossil fuels. Canada is ranked at 87th capital invested

1. How to improve
Canada Business
Competitiveness
Paul Young CPA CGA
March 13, 2022

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. 3
Agenda
• Internal Audit Risks
• Canada Productivity
• Canada global competitiveness ranking
• Priorities by WE Forum
• Innovation Ranking
• Taxation Ranking
• Infrastructure ranking
• Protecting the environment while supporting GDP growth
• Electricity / Power Rates
• Skills gaps
• Streamlining regulations
• Summary

4. 4
Internal Audit Risks
Blog – How to fix the Governance Model for the Public Sector -
https://www.slideshare.net/paulyoungcga/how-to-fix-the-
goverance-model-for-the-public-sector-government-
249941842

5. Commodity Prices
Commodity Price
Shock_BMO.pdf

6. 6
Productivity and Canada
https://twitter.com/PierrePoilievre/status/145997114
0198273029
@JustinTrudeau did say he could care less about
monetary policies. Tiff Macklem (BOC) on inflation
being transitory as well.
BOC should be focusing on real reforms like
affordable housing, productivity, big govt, and
building a resilient supply chain.
https://www.slideshare.net/paulyoungcga/what-is-
next-for-global-monetary-policies-october-2021
Canada
Productivity.pdf

7. 7
Canada Global Competitiveness Ranking
Source - https://reports.weforum.org/global-competitiveness-index-2016-2017/competitiveness-rankings/
https://www.investmentexecutive.com/news/research-and-markets/canadas-competitiveness-falters-further/
2015 – Canada was ranked 4th
wcy2021_imd-ranking
_2021.pdf
wcy2021_imd-ranking
_2021.pdf
2021 – Canada is now rank 14th

8. 8
Digital Competitiveness
Competitiveness -
Canada.pdf
Mission Accepted: Deploying Digital Transformation
To say the past 12 months have been tough for manufacturers is an
understatement.
 COVID-19 lockdowns and restrictions continued to impact
operations.
 Buying habits and customer expectations evolved.
 Supply chains started crumbling.
 Hackers recognized manufacturers as a prime target
 Government has been slow with digital adoption
Source - https://www.industryweek.com/technology-and-
iiot/article/21163715/mission-accepted-deploying-digital-
transformation?utm_source=IY+IW+Daily+Headlines+-
+Morning&utm_medium=email&utm_campaign=CPS210709115&o_ei
d=7930I4506489J2B&rdx.ident%5Bpull%5D=omeda%7C7930I4506489J
2B&oly_enc_id=7930I4506489J2B
My work: https://www.slideshare.net/paulyoungcga/digital-economy-
adoption-by-small-to-mediumsize-enterprises

9. 9
Priorities by WE
Forum
Source -
https://www.weforum.org/reports/the-
global-competitiveness-report-2020/in-
full/infographics-14b60f7c60

10. 10
Innovation
Ranking
Source -
https://www.wipo.int/global_innovation_in
dex/en/2020/
2020 Ranking
2015 Ranking
https://financialpost.com/news/economy/former-industry-minister-takes-parting-shot-at-canadas-
risk-averse-business-
community?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=16186122
07
@NavdeepSBains
1. You pick and choose winners through your grant programs.
2. You went after small businesses through tax changes.
3. You introduced a carbon tax.
4. Your clusters have been a failure.
5. You have overregulated the private sector.
https://www.slideshare.net/paulyoungcga/path-to-innovation-for-canada-244663371

11. 11
How to fix
innovation /
Canada
Canadas_Innovation_
Challenge.pdf
How about instead of handing out money that these Liberals fix the systemic issues facing the economy?
https://www.slideshare.net/paulyoungcga/tax-fairness-and-business-competitiveness-analysis
BTW: where has increase taxes led to an improve competitive atmosphere for the private sector?

12. 12
Taxation
Ranking
202
0
2015
1. Carbon taxation – Carbon Leakage - https://www.fraserinstitute.org/studies/impact-of-the-federal-
carbon-tax-on-the-competitiveness-of-canadian-industries
2. EI and Small Businesses - https://www.cfib-fcei.ca/en/media/news-releases/small-businesses-want-
fairer-ei-system-not-higher-premiums
3. Income Splitting and passive rule changes for small businesses -
https://www.theglobeandmail.com/report-on-business/canadian-tech-leaders-warn-new-tax-rules-
may-hinder-startups-innovation-agenda/article36234009/
4. https://www.newswire.ca/news-releases/january-1-cpp-hikes-to-hit-employers-payroll-budgets-cut-
take-home-wages-for-workers-805159419.html
1. Here is my work corporate tax policies - https://www.slideshare.net/paulyoungcga/corporate-tax-policies-
vs-direct-subsidies-and-grants

13. Global Infrastructure
- Port capacity - https://www.slideshare.net/paulyoungcga/merchandise-trade-canada-february-2021
- Reshoring supply chain - https://www.slideshare.net/paulyoungcga/how-to-reshore-supply-chain-management-
244371640
- Lack of pipeline capacity
- Cost of materials and supply issues - https://www.worldconstructiontoday.com/news/construction-material-
shortages-to-continue-in-2021/
Sources - Nov/20 https://www2.slideshare.net/paulyoungcga/infrastructure-infrastructure-gap-analysis-of-
construction or Mar/18 - https://www2.slideshare.net/paulyoungcga/infrastructure-bank-canada-march-2018

14. 14
Blog – Protecting
the environment as
part of growing the
economy
Canada went up 0.2% in terms of emission when comparing
2019 with 2018 as compared to the USA that seen a 2% drop
in emissions in 2019 compared to 2018
https://www.slideshare.net/paulyoungcga/global-emissions-
and-environmental-policy So much for the carbon tax
reducing emissions!
Electrical vehicles will not pay gas taxes as they do not
require gas to operate. How are you going to fund the gas
tax fund when you phase out gas vehicles?
https://www.slideshare.net/paulyoungcga/electricity-
analysis-and-commentary-april-2021
The focus should be on policies that support innovation with
the circular economy -
https://www.slideshare.net/paulyoungcga/how-best-to-
managed-the-circular-economy

15. 15
Electricity /
Power Rates
- Power production rates vary by province due to
how power is produced, i.e.. nuclear, wind, solar,
natural gas, hydro, etc.
- Canada rates are competitive with rates around
the global overall. However, there are issues
within Canada in terms of the cost of electricity
- Overall, Canada produces nearly 83% of its
energy from clean sources
- Canada needs to re-think its electricity needs as
part of looking at load factors
- Here is my work on electricity -
https://www.slideshare.net/paulyoungcga/electricity-
production-and-distribution-analysis-january-2021
https://www.nrcan.gc.ca/science-data/data-
analysis/energy-data-analysis/energy-facts/electricity-
facts/20068

16. 16
Skills Gaps
Source - https://www.adecco.ca/en-ca/about-adecco-staffing/newsroom/press-releases/2020-01-22-global-
talent-competitiveness-index-digital-skills-gap-widening-divide-between-income/
2015
How do you fix skills gaps:
1. Better alignment of education with
jobs of today and tomorrow
2. Training credits as part of hiring new
employees
3. More mentoring through coop
placements
4. Implementing the German model on
apprenticeships
5. Consolidated various
training/education programs into one
program design to transition works to
new careers
Here is my work human capital
management -
https://www.slideshare.net/paulyoungcga/hum
an-capital-management-skills-development-
analysis-and-commentary-february-2021

17. 17
Streamlining
Regulations
All levels of government need to streamline regulatory
filings
Regulation from all levels of government cost Canadian
businesses $38.8 billion in 2020, with red tape accounting
for $10.8 billion of that total.
Source - https://www.cfib-fcei.ca/en/research/research-
reports/cost-government-regulation-canadian-businesses
Accounting filings
PCAOB - https://pcaobus.org/news-
events/speeches/speech-detail/background-on-the-
pcaob_465
IFRS - https://www.icaew.com/technical/financial-
services/banking-sector/ifrs-9-six-variables-to-watch-in-a-
stress-test
SOX - https://www.v-comply.com/blog/sox-compliance-
guide
Source - https://www.heritage.org/index/ranking

18. 18
Overall
Productivity
• Canada has struggled many
years when it come to
addressing productivity -
https://www.cpacanada.ca/en/n
ews/pivot-magazine/2019-10-
28-francis-fong-productivity

19. 19
Capacity
Utilization

20. 20
Other Key areas
• Blog - Could now be the best time to target opportunities
across the US transportation market spectrum -
https://www.linkedin.com/pulse/blog-could-now-best-time-
target-opportunities-across-paul-young/?published=t
• Blog - Some lithium-ion batteries can now propel a car 250
miles on a ten-minute charge -
https://www.linkedin.com/posts/paul-young-055632b_electric-
vehicle-batteries-what-will-they-activity-
6822196682361577472-APwo
• How to mitigate issues with climate change
https://www.slideshare.net/paulyoungcga/how-to-mitigate-the-
threats-of-climate-change-249595233
• Blog - Remote auditing not going away post-pandemic –
https://www.linkedin.com/pulse/blog-remote-auditing-going-
away-post-pandemic-paul-young/?published=t
• New Normal - The new normal is here to stay - Link:
https://www.linkedin.com/pulse/blog-small-medium-size-
manufacturers-expecting-growth-paul-young/?published=t

21. 21
Summary
• The world economy is headed for many
issues. Both @JustinTrudeau &
@POTUS continue to do little to address
issues with food security, energy security,
affordable housing, high inflation, & near
shoring of the supply chain.
https://www.slideshare.net/paulyoungcga/
what-is-next-for-the-global-economy-
march-2022
Blog – How do you make Canada more Business Competitive
Capital investment,
percent of GDP by country, around the world TheGlobalEconomy.com.pdf
Canada should make
next-generation manufacturing a national priority, like U.S. and Germany - The Hill Times.pdf
GGC chair welcomes
Canada joining Sustainable Productivity Growth Coalition paNOW.pdf
Tax-Report-on-Comp
etitiveness-Final-EN-December-2021-min.pdf
Rising Canadian
carbon costs may divert mining sector investment, industry says S&P Global Market Intelligence.pdf
Guilbeault is wrong.
Canada’s oil and gas can help save the world - MooseJawToday.com.pdf
Nickel Prices Hit
Record 3 TSX Stocks to Buy Today The Motley Fool Canada.pdf
Canada expects plan
for supplying some oil to Europe ready by March 23 – Nanaimo News Bulletin.pdf
‘Drilling their brains
out’ Crude-by-rail key for Canada as oil booms – NBA.pdf
How a handful of
metals could determine the future of electric cars NPR.pdf
UN War in Ukraine to
hurt poor nations importing grain Taiwan News 2022-03-13 01 00 00.pdf
Summary:
Canada carbon tax and excessive regulations are hurting Canada’s ability to attract FDI.
Canada could be leader in ethical and environmental oil if the Trudeau and his government did more to
support the natural gas and oil sector.
Canada various sectors continue to struggle with capacity issues
Liberals continue to pick and choose winners and losers when it comes to grants and subsidies.
There is no real strategy to help businesses transitioned off fossil fuels.
Canada is ranked at 87th
capital invested

22. Training and Development
• If you like to learn more
about trade and/or other
subjects as part of your
professional learning
and development then
feel free to review my
material on
https://www.udemy.com
/ (search Paul Young
CPA CGA)
• These subjects address
how to fixed issues with
housing and/or
systemic issues related
to economy including
government policies