COUNCIL WANTS CHANGES TO HELP CANADIANS ACQUIRE MORE TECHNOLOGICAL SKILLS

Ottawa’s economic advisers want for more changes to drive  business investment – to help Canadians acquire new skills as they brace for the job-killing effects of technology.

The influential Advisory Council on Economic Growth wants to help Canadian households add an extra $15,000 – to their projected annual pre-tax incomes by 2030.

In another list of recommendations to be released later this week – the council says Canada urgently needs another $15 billion in annual investments for adult skills development – to help workers adjust to the demands of the rapidly changing labour market.

The group recommends the creation of an RRSP-type lifelong learning fund – to enable workers to build up tax-free savings, along with with contributions from employers and government – in order to cover the cost of developing new skills midway through their working lives.

The council is also calling on Ottawa to support businesses by pursuing a more flexible regulatory environment – making the tax system more supportive of innovative sectors – and suggests helping smaller Canadian firms increase their exports.

Michael Kramer

About Michael Kramer

Michael is the afternoon news anchor on the New Classical 96.3FM and hosts the program Zero to 1800.