What the Government Can Do

Invest in Technology
Support R & D
Revise the Current Tax Regime
Raise Public Awareness


Invest in Technology

Provide tax incentives for railroads investing in technologies to reduce harmful emissions.

Provide tax incentives for companies investing in plant and equipment used to manufacture railroad equipment.

Develop and promote Public-Private Partnership (PPP) models for investment in transit and rail infrastructure.

BACK TO TOP


Support R & D

Provide stable, predictable and long-term funding for Canadian companies conducting research into reducing harmful emissions in the rail industry.

Provide tax incentives for companies conducting research into improving the safety and productivity of the rail industry.

BACK TO TOP


 Revise the Current Tax Regime

Increase the rate of depreciation on freight cars to 30%.

Extend the two-year depreciation for investments in manufacturing and processing machinery and equipment introduced in Budget 2007 for at least an additional five-year period to allow sufficient time for companies to acquire the technologies and put them in place.

Make Scientific Research and Experimental Development Tax Credits refundable and take immediate steps to improve the administration of the SR&ED tax credit system following on the commitment made in Budget 2008.

Introduce an Employers´ Training Tax Credit.

Remove trade barriers that inhibit the ability of Canadian railway suppliers to become more competitive.

BACK TO TOP


Raise Public Awareness

Acknowledge rail as an environmentally responsible alternative to the pervasive and rapidly increasing problems of pollution, highway overcrowding, land use, and massive highway infrastructure costs.

Recognize rail's role and benefits to the Canadian economy and its importance in North American trade.

Promote Canada's active role in facilitating the movement of Canadian resource commodities to offshore markets, and in capturing a growing share of the rapidly expanding market for global trade in the Asia-Pacific region. The success of the Pacific Gateway Strategy will depend on the resolve and the commitment of Canadian governments, Canadian industry, and the Canadian people.

 

Ottawa Web Design