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Incremental Innovation and Advanced Skills Will Drive Long-term Prosperity

August 18, 2011 — In its brief to the House of Commons Finance Committee, ACCC recommends measures to support post-secondary education (PSE), applied research partnerships, and improved educational outcomes for Aboriginal people.

“Canada’s dual challenge of ‘Jobs without People, People without Jobs’ puts the country at risk,” said James Knight, President and CEO of ACCC. “With a rapidly aging population and new jobs requiring higher skill levels, employers will not be able to find qualified candidates for 1.5 million positions within 10 years unless mitigating measures are implemented soon. These include separating the post-secondary component of the Canada Social Transfer (CST), supporting incremental innovation and productivity improvement through applied research, and raising the educational achievement of Aboriginal people.“

“ACCC has made three recommendations to the Finance Committee for the 2012-2013 Budget.  The first two are fiscally neutral.”

  1. Establish a separate Post-secondary Education Transfer, similar to the Health Transfer, by segregating the CST funds now transferred for PSE, increasing by three percent annually after 2014.
  2. Allocate five percent of current federal investment in research and development to applied research partnerships between colleges and small- and medium-sized businesses.
  3. Raise the educational attainment rates of First Nations, Inuit and Métis people to national averages.

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For more information:

Leslie Cole
Manager of Communications
ACCC
Tel: 613-746-2222, ext. 3123

View the Brief