Polytechnics Canada calls for targeted investment to improve Canadian competitiveness

September 11, 2014

Polytechnics Canada has released its 2015 pre-budget submission to the House of Commons Standing Committee on Finance, calling for the federal government to target its investments in areas with demonstrated demand for action. The submission concentrates on 2 key areas: “increasing the competitiveness of Canadian businesses through research, development, innovation and commercialization; and maximizing the number and types of jobs for Canadians.” Polytechnics Canada makes 10 practical, demand-driven recommendations in 3 policy areas (business innovation, labour market information, and apprenticeship), designed to address existing challenges such as the lack of commercialization of Canadian inventions, and ongoing skills challenges in Canada, including skills shortages and/or mismatches. Some of the recommendations are to “create a Small Business Innovation Research program using existing expenditures on federal intra-mural R&D”; “develop and disseminate a national skills in demand list, or national priority list of specialized occupations, costing $1 million”; and “offer a $4,000 tax credit for those employers of record who sponsor a Red Seal apprentice through to certification.” Polytechnics Canada Submission