CIAC pleased Ontario budget includes measures supporting growth in chemistry sector
April 12, 2019
The Chemistry Industry Association of Canada (CIAC) congratulates Ontario Finance Minister Vic Fedeli on the tabling of the 2019 Ontario budget titled, Protecting What Matters Most. We are pleased to see that the Government of Ontario is taking reasonable steps that promote long-term economic growth and balancing fiscal sustainability with critical investments in programs and infrastructure. CIAC and its members acknowledge key measures that support a growing chemistry sector in Ontario. These measures include:
- Competitive taxation: Building a more competitive tax environment is critical to fueling investment, innovation, and economic growth across Ontario, particularly in times of fiscal limitation. The Ontario Job Creation Investment Incentive will address competitiveness issues for industry while promoting investment and job growth.
- Continuing to build on the actions taken to reduce duplicate and unnecessary red tape and regulatory burden through the Open for Business Action Plan.
- Launching targeted stakeholder consultations on industrial electricity pricing, including a review of existing pricing programs.
CIAC is pleased to continue to work with the government on the many priorities to create a stronger and growing chemistry sector that benefits Ontario’s economy and environment.