Education
Education is critical to equality of opportunity in our society,
to the competitiveness of Canadian enterprises and to the future prosperity
of our country. Every sector of society, including business, has a role
to play in improving access to lifelong learning and the quality of
education available to Canadian children and adults.
- The impact of early childhood development on economic and social
success is widely accepted, and the creation of the Canada Child Tax
Benefit has improved the prospects of children living in poverty.
However, numerous challenges remain, including inconsistent delivery
at the community level and a lack of equity in the support offered
through government programs and tax rules to families in different
circumstances.
- Children must graduate from high school with the skills and motivation
they will need to function effectively as global citizens in the modern
economy. While provincial governments have jurisdiction over schools,
we must work as a country to enhance learning standards and accountability,
and to help schools make the most effective use of public spending
in continuing to improve educational outcomes.
- All young Canadians must have access to and should be encouraged
to pursue some form of post-secondary education. Two challenges are
most urgent: reducing the financial barriers to college and university
while ensuring that institutions can offer top quality education;
and encouraging more high-school students to consider apprenticeships
in skilled trades as an attractive avenue to well-paid careers.
- Larger companies generally understand the benefits of investing
in the skills and knowledge of employees, but the degree of investment
in training tends to fall with company size. Efforts are needed on
two fronts: to show managers at smaller companies how such investments
pay off; and to ensure that the supply of opportunities for learning
meets the needs of smaller as well as larger employers.
- Excessive marginal tax rates reduce the number of people willing to invest in their own education and training. If learning new skills does not result in meaningful growth in after-tax income, fewer people will bother to try.
- Governments must encourage Canadians who invest in learning to put
their hard-won skills to work in Canada. Our country benefits greatly
from immigration and should expect to contribute to the global talent
pool in return. But the drain of even a few top brains in any field
can damage Canadian competitiveness and future growth.