March 2019 // Local, Provincial, National News & Opportunities //
Aurora Business Network
Local Business Updates
Key updates from the Aurora Chamber of Commerce
2019 Federal Budget: Rapid Policy Update
On March 19, the Government of Canada presented its 2019 Federal Budget entitled Investing in the Middle Class, which provides an update on the government’s finances and makes several policy announcements and spending commitments that will impact Canadian businesses and the economy.
On Monday, March 25, Sandra Ferri, Executive Director of the Aurora Chamber of Commerce and Al Wilson, Vice-Chair, Board of Directors and Chair of the Advocacy Committee, attended the fourth annual Advocacy Day at Queen's Park...
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
On March 19, the Government of Canada released their 2019 Federal Budget, which failed to address the fundamental issues that continue to undermine the ability of Canada business to create more jobs and generate more prosperity for all Canadians.
While the Budget did deliver on some of our specific policy proposals outlined in its Pre-Budget Submission and policy resolutions, we remain concerned over a number of issues that have not been addressed, such as:
A commitment to a comprehensive review of the taxation system to make it fair and less cumbersome for businesses.
A broad-based commitment to reduce the regulatory burden on businesses.
A renewed commitment to eliminating inter-provincial trade barriers and mobility.
Support for SMEs to help them find new export opportunities and expand Canada’s ability to diversify its trade.
A clear strategy to move the Trans Mountain pipeline forward, given the significant investment made by Canadian taxpayers.
The current taxation system is out of date and the Canadian Chamber of Commerce, along with various partners is calling on the government to create a royal commission on taxation. The painfully outdated system needs a revamp so that it can best align with the digital economy and better promote investment.