CME calls for more to be done to improve manufacturers’ competitiveness
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REPRESENTATION
Ontario Governement Fall Economic
Statement Re-cap
OVERVIEW
Earlier today, the Ontario Government released its 2019 Fall Economic Statement, “A Plan to Build Ontario Together”. Overall, the government took some positive steps to address business competitiveness, especially for SMEs. Solutions to the labour shortages crisis were also put forward. However more is needed to restore the province's competitiveness.
KEY COMMITMENTS
- Developing and implementing of an Ontario Small Business Success Strategy
- Establishing Premier’s Advisory Council on Competitiveness consisting of business leaders
Cutting small business tax rate from 3.5 to 3.2 per cent starting January 1, 2020
Establishing a new STEM education strategy.
Streamlining delivery ministry-led delivery model to address challenges in how skilled trades are regulated
Streamlining requirements of the Ontario Immigrant Nominee Program and New Ontario Immigration Pilot
NEXT STEPS
CME will be advocating for decisive government action to reduce electricity costs, reform Ontario’s property tax system and to introduce additional business support measures in order to ensure scale-up, investment, improved productivity and new growth in the sector.
ADDITIONAL INFORMATION
FOR MORE INFORMATION
Alex Greco, Director, Manufacturing Policy
c: 647-455-2197 | alex.greco@cme-mec.ca
