Canadian Construction Association

Canadian Construction Association

November 24, 2006 09:26 ET

Canadian Construction Association Supports Overall Policy Thrust of Minister Flaherty's "Advantage Canada "

OTTAWA, ONTARIO--(CCNMatthews - Nov. 24, 2006) - The Canadian Construction Association today welcomed a number of the policy objectives contained in Finance Minister Jim Flaherty's economic update statement to the House of Commons Finance Committee. In addition to the regular fiscal update, the Minister released a ten-year economic plan entitled "Advantage Canada", which sets out a number of policy goals the government will pursue over the coming years.

For the Canadian construction industry, the plan includes a number of welcome policy objectives. These include:

- Prioritizing an "infrastructure advantage" for Canada by ensuring a long-term comprehensive plan for infrastructure renewal. In addition, the federal government will make much greater use of public-private partnerships, and will create a federal agency designed to facilitate the use of PPPs - a specific recommendation of The Road and Infrastructure Program of Canada. In addition, the federal government will commit to a funding strategy for a new Windsor-Detroit border crossing in the 2007 Budget.

- Encouraging changes to immigration policy to bring in greater numbers of temporary foreign workers.

- Supporting an elimination of all inter-provincial labour mobility barriers by April 2009, if not sooner.

- Continue to look at capital cost allowance rates for business investment, and better aligning rates with the useful life of the asset.

- Reducing business paperwork by 20%.

- Reducing corporate tax rates so they are among the most competitive rates among industrialized countries, particularly on business investment.

Because this is an economic update and not a Budget, the plan does not contain specifics. Specific announcements related to these objectives will be contained in Budget 2007.

"Although short on details, the policy goals announced by Minister Flaherty are steps in the right direction," stated Michael Atkinson, President of the Canadian Construction Association. "We look forward to working with the federal government to ensure that these policy objectives will soon become tangible government policy".

Contact Information

  • Canadian Construction Association
    Jeff Morrison
    Director of Government Relations and Public Affairs
    613-236-9455, x432