On March 19, the Government of Canada released its 2019 Federal Budget, "Investing in the Middle Class."
Despite a projected deficit of $19.8 billion, Budget 2019 made little effort towards addressing the issues we raised in our federal pre-budget submission, which urged the government to focus on creating a business climate that encourages growth through reforming Canada’s tax system, providing sustainable multi-payer drug coverage, and nurturing the innovation economy.
Challenges relating to access to talent, regulation, and the cost of doing business remain major sources of concern for our membership. The government’s proposed solutions fall short in making real change for Canada to be competitive in the global economy.
WHAT DOES BUDGET 2019 MEAN FOR ONTARIO BUSINESS?
Our rapid policy update outlines specific commitments that the government announced regarding:
- Energy and electricity
- Sector-specific support in the areas of science and innovation, forestry and tourism
If you have any further questions please contact Ashley Challinor, Vice President of Policy.