CIAC Welcomes Ontario’s 2025 Fall Economic Statement 

November 10, 2025

The Chemistry Industry Association of Canada (CIAC) congratulates the Hon. Peter Bethlenfalvy, Ontario’s Minister of Finance, on delivering the 2025 Fall Economic Statement – A Plan to Protect Ontario. 

CIAC commends the government for taking practical steps to manage ongoing global economic challenges while keeping Ontario competitive, attractive to investment, and committed to building essential infrastructure. We especially support the government’s focus on strengthening the province’s manufacturing base — including chemistry and plastics — which are vital to Ontario’s economy and future growth. 

“The chemistry and plastics sector is essential to a strong, sustainable Ontario economy,” said Greg Moffatt, CIAC President and CEO. “We look forward to continuing to work with the government to build a more prosperous province that supports growth, innovation, and opportunity for all.” 

Among the key initiatives outlined in the Fall Economic Statement, CIAC is pleased to see the government’s continued support for industry through: 

  • Reducing red tape to make permits and approvals faster and simpler. 
  • Building a strong critical minerals supply chain, supported by a new $500 million Critical Minerals Processing Fund. 
  • Expanding skills training and apprenticeships to prepare workers for high-demand jobs. 
  • Advancing interprovincial trade, helping Ontario businesses access new markets across Canada. 
  • Enhancing the Ontario Made Manufacturing Investment Tax Credit and aligning tax rules with federal depreciation policies to help companies invest and grow. 
  • Backing innovation and advanced manufacturing through programs such as the Advanced Manufacturing and Innovation Competitiveness (AMIC) Stream and Invest Ontario. 
  • Maintaining sound fiscal management with a plan to achieve a balanced budget by 2027–28. 

Together, these measures demonstrate meaningful progress toward strengthening Ontario’s position as a destination for chemistry and plastic investment and innovation.