Chemistry Industry Association of Canada

March 26, 2009 16:31 ET

CCPA Reaction to Ontario Budget 2009

OTTAWA, ONTARIO--(Marketwire - March 26, 2009) - The Canadian Chemical Producers' Association (CCPA) has been calling for specific measures that favour manufacturing competitiveness and the return of investments to Ontario manufacturing. A key request has been the harmonization of provincial and federal sales taxes.

"We are absolutely delighted with Premier McGuinty's decision to harmonize the PST with the GST. This one action will lead to significant savings by manufacturers throughout the chemistry value chain," said Richard Paton, President and CEO of the CCPA. "This will greatly enhance our competitiveness in Ontario, where we are currently the third largest exporter," added Paton.

According to figures released by the Federal Government in a speech by Finance Minister Jim Flaherty, "Ontario businesses would save more than $5 billion annually on sales tax on business inputs-an amount they must pay now even when they are not earning profits." These savings will help to preserve jobs in Ontario and allow companies to grow in the future.

CCPA is the principal voice of the Canadian chemical industry. CCPA represents 60 companies and Responsible Care Partners, from family owned operations to affiliates of global chemical companies. Canada's basic chemicals and resins industry generates $27 billion annually.

Contact Information

  • CCPA
    Michael Bourque
    Public Affairs
    613-290-1011
    or
    CCPA
    Julien Lavoie
    Public Affairs
    613-237-6215 x 239
    www.ccpa.ca