David McFarlane

The CVCA advocates for policies that secure access to capital, vital for the growth of private equity and venture capital across economic sectors. CVCA’s efforts ensure Canadian companies can access necessary funding amidst challenges such as tightening credit markets, competition for capital, and economic uncertainties, to drive innovation and economic growth, ultimately fostering a resilient and diversified economy for future generations. Venture Capital Action Plan/Venture Capital Catalyst Initiative is still rolling out, matching private capital allocations to disbursed government dollars. CVCA continues to engage with industry and government to ensure awareness within the VC ecosystem and monitoring the flow of funds, underscoring the importance of Canada's VC Emerging Managers and their important role in allocating capital to riskier and underserved corners of the innovation ecosystem. CVCA was a designated entity by the IRCC to co-administer the Start Up Visa Program, through which Venture Capital funds in CVCA's membership could support entrepreneurs and start ups applying for Canadian permanent residency. This program led to a select and curated number of entrepreneurs growing businesses in Canada, with financial backing. Throughout the program, CVCA engaged in ongoing conversations with IRCC to ensure program continuity. CVCA sees value in reinstating this program and maintains communication with IRCC on possible future improvements. The CVCA advocates for policies and a regulatory environment that is conducive to stimulating investment. A competitive tax and investment regime that rewards the risks associated with the private capital asset?class is vital for the growth of private equity and venture capital across economic sectors. CVCA’s efforts ensure Canadian companies can access necessary funding amidst challenges such as tightening credit markets, competition for capital, and economic uncertainties, to drive innovation and economic growth, ultimately fostering a resilient and diversified economy for future generations. CVCA also advocates for sustained and predictable access to capital, championing public-private co-investment initiatives. The Venture Capital Action Plan/Venture Capital Catalyst Initiative is still rolling out, matching private capital allocations to disbursed government dollars. CVCA continues to engage with industry and government to ensure awareness within the VC ecosystem and monitoring the flow of funds, underscoring the importance of Canada's VC Emerging Managers and their important role in allocating capital to riskier and underserved corners of the innovation ecosystem. CVCA previously co-administered the Start Up Visa Program's Venture Capital stream in partnership with the IRCC. The program allowed Venture Capital funds in CVCA's membership to apply for designated entity status and recommend entrepreneurs and start ups in their portfolio to apply for Canadian permanent residency. Throughout CVCA's contractual relationship with IRCC, the program led to a select and curated number of entrepreneurs growing businesses in Canada with financial backing. CVCA engaged in ongoing conversations with IRCC and provided regular reports. IRCC terminated all SUV contractual relationships in 2024, however, CVCA remains engaged in proactive conversations with IRCC Program officials who oversee the SUV program and who have relationships with CVCA's designated members. CVCA sees value in this program and maintains communication with IRCC on possible future improvements. The CVCA actively advocates for a strong and competitive tax and investment environment that attracts and rewards private investment in Canadian entrepreneurial ventures. We provide valuable insights and data to support effective tax policies. Strategically crafted policies can ensure that Canada remains an attractive destination for private capital, which is necessary to drive economic growth, job creation, and innovation. CVCA engages w

CVCA previously co-administered the Start Up Visa Program's Venture Capital stream in partnership with the IRCC. The program allowed Venture Capital funds in CVCA's membership to apply for designated entity status and recommend entrepreneurs and start ups in their portfolio to apply for Canadian permanent residency. Throughout CVCA's contractual relationship with IRCC, the program led to a select and curated number of entrepreneurs growing businesses in Canada with financial backing. CVCA engaged in ongoing conversations with IRCC and provided regular reports. IRCC terminated all SUV contractual relationships in 2024, however, CVCA remains engaged in proactive conversations with IRCC Program officials who oversee the SUV program and who have relationships with CVCA's designated members. CVCA sees value in this program and maintains communication with IRCC on possible future improvements. The CVCA advocates for policies and a regulatory environment that is conducive to stimulating investment. A competitive tax and investment regime that rewards the risks associated with the private capital asset?class is vital for the growth of private equity and venture capital across economic sectors. CVCA’s efforts ensure Canadian companies can access necessary funding amidst challenges such as tightening credit markets, competition for capital, and economic uncertainties, to drive innovation and economic growth, ultimately fostering a resilient and diversified economy for future generations. CVCA also advocates for sustained and predictable access to capital, championing public-private co-investment initiatives. The Venture Capital Action Plan/Venture Capital Catalyst Initiative is still rolling out, matching private capital allocations to disbursed government dollars. CVCA continues to engage with industry and government to ensure awareness within the VC ecosystem and monitoring the flow of funds, underscoring the importance of Canada's VC Emerging Managers and their important role in allocating capital to riskier and underserved corners of the innovation ecosystem. The CVCA actively advocates for a strong and competitive tax and investment environment that attracts and rewards private investment in Canadian entrepreneurial ventures. We provide valuable insights and data to support effective tax policies. Strategically crafted policies can ensure that Canada remains an attractive destination for private capital, which is necessary to drive economic growth, job creation, and innovation. CVCA engages with policymakers to convey perspectives from the private capital industry, and the current economic context.

CVCA previously co-administered the Start Up Visa Program's Venture Capital stream in partnership with the IRCC. The program allowed Venture Capital funds in CVCA's membership to apply for designated entity status and recommend entrepreneurs and start ups in their portfolio to apply for Canadian permanent residency. Throughout CVCA's contractual relationship with IRCC, the program led to a select and curated number of entrepreneurs growing businesses in Canada with financial backing. CVCA engaged in ongoing conversations with IRCC and provided regular reports. IRCC terminated all SUV contractual relationships in 2024, however, CVCA remains engaged in proactive conversations with IRCC Program officials who oversee the SUV program and who have relationships with CVCA's designated members. CVCA sees value in this program and maintains communication with IRCC on possible future improvements. CVCA was a designated entity by the IRCC to co-administer the Start Up Visa Program, through which Venture Capital funds in CVCA's membership could support entrepreneurs and start ups applying for Canadian permanent residency. This program led to a select and curated number of entrepreneurs growing businesses in Canada, with financial backing. Throughout the program, CVCA engaged in ongoing conversations with IRCC to ensure program continuity. CVCA sees value in reinstating this program and maintains communication with IRCC on possible future improvements. The CVCA advocates for policies and a regulatory environment that is conducive to stimulating investment. A competitive tax and investment regime that rewards the risks associated with the private capital asset?class is vital for the growth of private equity and venture capital across economic sectors. CVCA’s efforts ensure Canadian companies can access necessary funding amidst challenges such as tightening credit markets, competition for capital, and economic uncertainties, to drive innovation and economic growth, ultimately fostering a resilient and diversified economy for future generations. CVCA also advocates for sustained and predictable access to capital, championing public-private co-investment initiatives. The Venture Capital Action Plan/Venture Capital Catalyst Initiative is still rolling out, matching private capital allocations to disbursed government dollars. CVCA continues to engage with industry and government to ensure awareness within the VC ecosystem and monitoring the flow of funds, underscoring the importance of Canada's VC Emerging Managers and their important role in allocating capital to riskier and underserved corners of the innovation ecosystem. The CVCA actively advocates for a strong and competitive tax and investment environment that attracts and rewards private investment in Canadian entrepreneurial ventures. We provide valuable insights and data to support effective tax policies. Strategically crafted policies can ensure that Canada remains an attractive destination for private capital, which is necessary to drive economic growth, job creation, and innovation. CVCA engages with policymakers to convey perspectives from the private capital industry, and the current economic context. The CVCA advocates for policies that secure access to capital, vital for the growth of private equity and venture capital across economic sectors. CVCA’s efforts ensure Canadian companies can access necessary funding amidst challenges such as tightening credit markets, competition for capital, and economic uncertainties, to drive innovation and economic growth, ultimately fostering a resilient and diversified economy for future generations. Venture Capital Action Plan/Venture Capital Catalyst Initiative is still rolling out, matching private capital allocations to disbursed government dollars. CVCA continues to engage with industry and government to ensure awareness within the VC ecosystem and monitoring the flow of funds, underscoring the importance of Canada's VC Emerging Managers an

Discussions with government officials concerning business and investment plan for proposed Canadian operations, with the goal of aligning this initiative with Canada’s priorities in digital innovation.

Economic development of the Arctic region with respect to transportation and dual-use infrastructure to meet Canada's defence requirements in the North. Potential purchase and deployment of the company's technologies, including the company's dual-use, persistent Arctic sensing systems Potential contributions of Canadian-controlled defense companies to Canadian sovereignty and economic prosperity Implementation parameters of the recently announced Defense Industrial Strategy

Communicating with government officials about the potential purchase (and deployment) of the company's technologies, including the company's dual-use, persistent Arctic sensing system.

Discussing encouraging the federal government to work with the provinces to break down interprovincial trade barriers as they relate to labour and credentials Discussing promotion of trades to youth, including marketing programs, advertisements, trade shows, working in collaboration with schools and the provinces. Discussing labour mobility policy in Canada, ensuring workers have the correct certification to work throughout the country. Discussing enhancing credentialing to enable faster and more streamlined certification for new Canadian workers. Discussed program structure and policy direction of the upcoming workforce alliances and the sectorial workforce innovation fund initiatives Advocated for opportunities within Canada's manufacturing sector to support future infrastructure initiatives in housing and/or public works projects. Discussing issues within Quebec's manufacturing sector, including Temporary Foreign Workers. Advocating for improvements to Canada's trade-enabling transportation infrastructure. Advocating for specific implementation measures related to recent policies or measures outlined in the latest budget process. Advocating for Health Canada-related policies that impact manufacturing. Advocate for support for Canada's steel industry Matters related to advancing female workforce in the manufacturing industry. Matters related to the renewal of CUSMA. Matters related to military and defence procurement Discuss the upcoming priorities of the RNNR Committee and its impact on the industry Advocate for policies to enhance Canadian manufacturing productivity Plastic issues as they are related to waste, pollution, health, single-use plastics, sources of plastic waste, government-industry cooperation in reducing plastic pollution, strengthening sustainable economies, protecting the environment, plastic registry, PFAS, etc Matters related to the impacts of rules limiting the intake of temporary foreign workers on manufacturing business. Matters related to upcoming RNNR Committee priorities on energy, forest, minerals and metals, and earth sciences sectors, and the impacts on the industry. Advocating for extension of existing IRCC pilot programs Matters related to trade with USA as they related to trade policies, tariffs, trade agreements, regulatory reform, retaliatory measures, tariff policy, remissions/relief policies considered by the federal government, provincial impact of implementing tariffs, etc. Matters related to the expected impact of US tariffs on manufacturing sectors and discuss funding opportunities for BuyCanada and BuyOntario Campaigns. Matters related to EI, worksharing program Critical minerals issues as they are related to barriers to extraction and processing, environmental impacts, social impacts, technological challenges, limited energy options, etc. Advocate for assistance to manage the frequent disruption of critical transportation infrastructure due to trade conflict and better financial support for trade corridors and a flexible regulatory approach for trucking regulations, renewal of iZEV program, removal of the luxury tax which impacts aircraft manufacturing Advocate for supply chain issues as they related to transportation and logistics, labour shortages/strikes, rising fuel and energy costs, regulatory changes such as ESG compliance laws, broken supply chains due to transportation barriers/strikes and long wait times for materials, etc. Advocated for broad supports to Canada's manufacturing sector to cope with U.S. trade developments. This includes relief for technology investment, on-the-job training, excise duty, broad red tape reduction, using both grants (e.g. SIF) and taxation (e.g. capital gains, corporate tax, excise duty). Advocate for Labour and skills shortages, support for workforce development training and education Advocate for the simplification, modernization and harmonization of the Canada's border regulations, including Beyond the Border. Advocate for reform to the Tempo

Télécommunications: discussions sur la Loi sur les Télécommunications (L.C. 1993, ch. 38) en ce qui concerne le cadre qui devrait guider le gouvernement dans l'éventualité d'une révision de la loi. Radiodiffusion: discussions sur la Loi sur la radiodiffusion (L.C.1991, c.11) en ce qui concerne le cadre qui devrait guider le gouvernement dans l'éventualité d'une révision de la loi. Politiques et réglementations en matière de spectre et de télécommunications, y compris les politiques et réglementations relatives aux interférences transfrontalières, aux réseaux sans fil 5G, aux interconnexions, à l'itinérance sans fil, à la mise aux enchères du spectre et aux stratégies économiques numériques Politiques et réglementations en matière de large bande, y compris les politiques et réglementations relatives au déploiement de la large bande en milieu rural, à la mesure des performances de l'internet, à la dynamique concurrentielle de la large bande, à la disponibilité de l'accès à l'internet en gros et à la disponibilité de l'internet à un prix abordable Impôts et Finances: Discussions sur le transfert intergénérationnel d'entreprise à contrôle familial Électrification des véhicules: Discussion avec les cabinets ministériels et les ministères au sujet de l’électrification de la flotte de véhicules de la compagnie Droit d'auteur: discussions sur la Loi sur le droit d'auteur (L.R.C. (1985), ch. C-42) en ce qui concerne le cadre qui devrait guider le gouvernement dans l'éventualité d'une révision de la loi.

Arranging meetings for the client to discuss Canadian policies and regulations concerning autonomous vehicles and self-driving technology. Seeking funding from the Government of Canada for Waabi's research and commercialization plans.

Conversations regarding the creation of a dedicated Canadian strategy on physical AI. Seeking funding from the Government of Canada for Waabi's research and commercialization plans. Motor Vehicle Safety Act and Motor Vehicle Transport Act - with respect to developing safety requirements for new vehicle technology. Discuss Canadian policies and regulations concerning autonomous vehicles and self-driving technology, and the potential benefits for workforce development, industrial transformation and improvements in ghg emissions. Consult on policies and programs to encourage the creation of innovative products and secure intellectual property by Canadian companies in the artificial intelligence and transportation sectors.

Seeking opportunities related to the defense investment plan and budget. US - Canada strategy related to effective and / or potential restrictions on Canadian exports to the US and US imports to Canada. Contract with Fisheries and Ocean Canada concerning the Canadian Coast Guard's Polar Helicopter project. Taxation Policy; Impact of the Luxury Tax on personal aircraft on the helicopter industry Contract with the Royal Canadian Mounted Police (RCMP) concerning the renewal of their rotary wing aircraft fleet. Contract with National Defence concerning the Future Aircrew Training (FAcT) project. Defence Industry Productivity Program; on-going management of Airbus Helicopters Canada’s Source Establishment Contract with the Government of Canada Contract with National Defence concerning the Next Tactical Aviation Capability Set (NTACS) project.

Taxation Policy; Impact of the Luxury Tax on personal aircraft on the helicopter industry Government Contract Pursued: Contract with the Royal Canadian Mounted Police (RCMP) concerning the renewal of their rotary wing aircraft fleet. Government Contract Pursued: Contract with National Defence concerning the Next Tactical Aviation Capability Set (NTACS) project. Government Contract Pursued: Contract with National Defence concerning the Future Aircrew Training (FAcT) project. Government Contract Pursued: Contract with Fisheries and Oceans Canada concerning the Canadian Coast Guard's Polar Helicopter project. Defence Industry Productivity Program; On-going management of Airbus Helicopters Canada's Source Establishment Contract with the Government of Canada

Canada's potential contributions to global security in Europe, NATO (North Atlantic Treaty Organization), and NORAD (North America Aerospace Defence Command) With regard to federal measures to assist the Canadian Aerospace sector and advocate for an aerospace and defence industrial strategy. Seeking funding from Strategic Innovation Fund (SIF) Industrial and Technological Benefits Educating and advocating for Canada to support its aerospace sector and preserve our country’s Key Industrial Capabilities (KIC) in flight training and simulation. To obtain support from the Canadian government to CAE for procuring contracts to build simulators or to train personnel in foreign countries. Defence Procurement Policy to increase the Canadian content on various military programs to be procured by Government

Canada's potential contributions to global security in Europe, NATO (North Atlantic Treaty Organization), and NORAD (North America Aerospace Defence Command) Working to extend the Operational Training System Program (OTSP) to other RCAF aircraft type training systems. Updates to the NATO Flying Training In Canada program (NFTC) to adjust the operating period. To obtain support from the Canadian government to CAE for procuring contracts to build simulators or to train personnel in foreign countries. To maximize efficiency of visa applications for pilots at various Canadian embassies from which countries that pilots are traveling to Canada to be trained. To ensure future contracts for Defence procurement allow bidding for training to be carved out to a separate process. Defence Procurement Policy to increase the Canadian content on various military programs to be procured by Government

Canada's potential contributions to global security in Europe, NATO, and NORAD With regard to federal measures to assist the Canadian Aerospace sector and advocate for an aerospace and defence industrial strategy. Seeking funding from Strategic Aerospace and Defence Initiative (SADI) & Strategic Innovation Fund (SIF) Industrial and Technological Benefits Educating and advocating for Canada to support its aerospace sector and preserve our country’s Key Industrial Capabilities (KIC) in flight training and simulation.

Discuss Defence Industrial Strategy emphasizes using Canadian resources such as steel, aluminum, critical minerals, and manufacturing to drive Canadian defence procurement. Vehicle Fuel Consumption Labelling with respect to harmonizing with the U.S. standard. Strategic Innovation Fund- application submitted to SIFwith respect to funding of projects. Passenger Automobile and Light Truck GHG Emission regulation with respect to consulting with government on an amendment to the regulation and to align with the United States. Ongoing National ZEV strategy discussions National ZEV sales mandate requirements for automotive sales in Canada. National ZEV charging infrastructure discussions National GHG emissions credit requirements for automotive sales in Canada. Motor Vehicle Safety Act and harmonizing safety regulations between Canada and US through Regulatory Cooperation Council Motor Vehicle Fuel Consumption Act with respect to its relevancy or redundancy. Labour Mobility discussions concerning the integration of the North American manufacturing footproint and impact with border delays Extension of Accelerated Capital Cost Allowance for investments in manufacturing machinery and equipment in the next budget. Extended Producer Responsibility initiatives affecting the auto industry Discussions regarding existing and updates to existing Canada Free Trade Agreements and the trade agenda with additional countries such as CUSMA, TPP, Japan, China, ASEAN, UK and the impacts on the auto industry. Discuss Federal Carbon Pricing - Output Based Pricing System (OBPS) for Canadian based facilities in relation to automotive production. Reduce economic rish and mitiage competitiveness factors, request carbon pricing be revenue neutral and reinvestment in energy efficiencies, product development and cost contaimination Courier Imports Remission Order for low de minimis threshold and seeking to increase the current value to match that of the United States. Chemical Management Plan Section 71 Notices, requirements to report specific substances - discussions to understand requirements and processes. PFAS regulations Stockholm Convention / POPRC address persistent organic pollutants, evaluate new substances for potential listing under the convention, affecting automotive materials Canada's Clean Air Regulatory Agenda (CARA) regarding Air Quality Management System with respect to compliance of our manufacturing facilities. Budget Implementation Act and changes being made to SR&ED tax credit with respect to the elimination of capital expenditures from the base for R&D tax credits.

Policies aimed at reinforcing pharmaceutical supply chain. Discussion regarding the launch of new branded product in the rare disease space Improvements to the supports offered by the federal government to support R&D; in particular, generic drug research and development. Seeking support from the Strategic Innovation Fund Program for support of biomanufacturing expansion project. Policies aimed at facilitating generic drug repurposing. Discussion on the opioid crisis and the Health minister's expectations from pharmaceutical manufacturers Discussion of regulatory impediments to the launch of pediatric formulations of branded and generic products. Discussion of a possible Therapeutics Products Directorate ("TPD") workstream on complex generics regulatory pathways.