Praise for Economic Action Plan 2015

A wide and diverse group of economists, entrepreneurs, community groups, commentators, and experts are all applauding Economic Action Plan 2015 and its measures as the right plan for jobs, growth and Canada’s long-term prosperity:

  • Canadian Federation of Independent Business: “gives 2015 budget an “A”. According to the Canadian Federation of Independent Business (CFIB), small business owners across the country will be thrilled to see several small business friendly measures in the 2015 budget, particularly the 18 per cent reduction in the small business corporate tax rate over the next four years. This builds on earlier announcements of Employment Insurance premium relief, new measures to address credit card fees and balanced budget legislation.
  • Federation of Canadian Municipalities: “The transit investment in this budget is good news for Canadians and marks and important achievement on a key issue they face every day. This level of permanent, ongoing funding has the potential to be transformative for public transit across this country.”
  • Mayor John Tory:a major step forward for Toronto and for the Country. Good news for Toronto and good news for cities across Canada. The Federal Government committed to establishing a dedicated fund to invest in public transportation.”
  • Canadian Taxpayers Federation: “applauded the government’s 2015-16 federal budget. Credit where due: the Harper government has shown the necessary discipline to get the books back into the black”
  • Canadian Cancer Society: “applauds the government for extending compassionate care benefits in today’s federal budget, calling it a critical step towards ensuring family caregivers in Canada get the financial support they need. The Canadian Cancer Society congratulates the government for this important commitment which will make the lives of family caregivers easier.”
  • LNG Canada: “The Government of Canada has once again demonstrated leadership by supporting the global competitiveness of Canada’s resource sector. The extension of the export permits for LNG projects sends a positive signal to the sector by providing a longer horizon in which to operate. Projects like LNG Canada in British Columbia can create jobs and economic opportunity for the province and the nation and create a new market for clean burning natural gas.”
  • Engineers Without Borders Canada: “welcomes today’s announcement that the Government of Canada will establish a Development Finance Initiative.”
  • Futurpreneur Canada: “appreciates the Government of Canada’s continued support for the bold and creative young Canadians who are starting small businesses and strengthening our economy”
  • Association of Universities and Colleges of Canada: The university community welcomes these important and far-reaching investments in research, higher education and innovation. They will benefit Canada and Canadians now and for years to come.”
  • Chartered Professional Accountants of Canada: “applauds funding for the Canada Revenue Agency to strengthen tax compliance and protect the country’s tax base. The budget proposes funding to combat the underground economy along with international tax evasion and aggressive tax avoidance.”
  • Terrorism and Security Experts of Canada Network: “Budgetary support to the RCMP, CSIS and CBSA is a positive step in the right direction.”
  • BayCrest Health Sciences: “This historic commitment by the federal government positions Canada to take a leading international role in tackling health challenges and addressing the market demand related to aging and brain health.”
  • Investment Industry Association of Canada “Strongly endorses measures announced in today’s federal budget to strengthen Canada’s retirement savings programs, including an increase in the annual limit for contributions to Tax-Free Savings Accounts (TFSAs) and a significant reduction in the Registered Retirement Income Funds (RRIFs) minimum annual withdrawal amounts.”
  • Chemistry Industry Association of Canada: “applauds the federal government’s announcement in today’s budget to support the chemistry industry with a 10 year extension of the accelerated capital cost allowance (ACCA) for new investments in machinery and equipment.”
  • Music Canada: By proposing to extend the term of copyright in recorded music, Prime Minister Harper and the Government of Canada have demonstrated a real understanding of music’s importance to the Canadian economy.”
  • Musician Randy Bachman: “Thanks for term extension PM Harper, you really are taking care of business.”
  • Bruce Cockburn – “Extending the copyright term is an eminently sensible response to this new situation, and a welcome one!”
  • Cowboy Junkies“We are thankful to the government for extending the commercial life of our music.”
  • Kardinal Offishall“I’m glad that Canada has extended our copyright term, so we can continue to use the proceeds from classic Canadian recordings to invest in great Canadian talent.”
  • Intellectual Property Institute of Canada: “The Federal Government’s 2015 Budget proposes significant improvements in Canada’s intellectual property framework, protecting the confidential communications between innovators and their IP advisors from forced disclosure in litigation and providing the Canadian Intellectual Property Office with the ability to extend deadlines in cases of force majeure events.”
  • CARP:CARP members welcome government action in Budget 2015 to reduce mandatory RRIF withdrawal rates for retirees, to almost double the TFSA from $5,500 to $10,000, to increase the amount of time Canadians can draw on employment insurance for compassionate leave to provide caregiving to loved ones.”
  • Mining Association of Canada: “I am pleased to see the federal government renew investment in critical areas. The government has also made some strategic investments in innovation, marine safety and infrastructure that should pay dividends over time. Taken together, the federal government has maintained investments important to our sector, but also necessary to ensure Canadians capitalize when the commodities market rebounds”
  • Canadian Convenience Stores Association: “praising the federal government for measures included in Budget 2015 which will help small business owners and operators in the convenience industry. The CCSA believes two measures in particular will help its retail members remain competitive and hire more young Canadians. These measures include: a reduction in EI premiums from their 2016 rate of $1.88 to a $1.49 rate in 2017, a reduction of 21%; and a reduction of the small business tax rate from 11% to 9% by 2019.”
  • Canadian Olympic Committee: We congratulate the Government of Canada for its continued support to our country’s athletes and coaches. This government showed its commitment when it declared 2015, The Year of Sport, and it followed through in the 2015 budget by matching private funding to a maximum of twenty million dollars over four years to help the next generation of athletes compete on the world stage. This funding helps eliminate financial barriers faced by emerging athletes, allowing them to pursue their quest for excellence”
  • Forest Products Association of Canada: “we welcome the budget initiative to extend the Accelerated Capital Cost Allowance as well as the continued emphasis on innovation to help us on our journey of transformation. These measures will help us reach the ambitious goals of Vision2020 and help create new economic activity and support jobs in the forest sector.”
  • Canadian Association of Defence and Security Industries “Not only is the budget balanced, which is a good thing for Canadians, but it provides a range of initiatives that are important to Canada’s national defence and national security, which is all about keeping all of us safe”
  • Mental Health Commission of Canada: “This is wonderful news for the mental health community. Together, we have advocated for change. And together, we are succeeding.”
  • Council of Ontario Universities: “Ontario’s universities are delighted that Finance Minister Joe Oliver and the federal government are recognizing that world-class research is vital to the health, prosperity and quality of life of all Canadians. The federal government’s $1.33-billion investment to the Canada Foundation for Innovation – the largest single investment ever made in research infrastructure support – will allow universities to attract the very best talent and conduct the kind of ground-breaking research that transforms lives and meets Canada’s strategic goals for success.”
  • Canadian Association of Petroleum Producers: We are supportive of government’s commitment to good fiscal management without increasing corporate taxes. The new tax treatment included in the budget for potential LNG facilities is an example of enhancing competitiveness and supports the  growth of our natural gas producers.”
  • Care Canada: “The Government of Canada’s Development Finance Initiative as outlined in the 2015 budget has the ability to provide a forum to bring these three together so poor people can create new jobs and lift themselves from poverty.”
  • The Co-operative Housing Federation of Canada: “warmly welcome the commitment included in Budget 2015 to continue to invest in existing social housing, including co-op housing.”
  • MITACS: “Canada’s post-secondary students are welcoming extensive new measures in the 2015 federal budget that will enhance access to post-secondary education and improve long-term employment prospects for Canadian youth.”
  • National Airlines Council of Canada: “welcomes new measures announced in today’s federal budget regarding passenger facilitation and tourism marketing.”
  • TRIUMF: “With this investment from the Government of Canada, TRIUMF will unlock capabilities to accelerate science and innovation for Canada. TRIUMF’s staff and facilities are positioned to secure Canadian research excellence, leverage scientific discoveries, and lead the world in isotopes for science, medicine, and business.” 
  • U15 – Group of Canadian Research Universities: “We applaud the federal government’s funding renewal for the Canada Foundation for Innovation (CFI), a fundamental component of our strong research ecosystem”
  • Canadian Chamber of Commerce: “The measures to support Canada’s manufacturing sector are timely. This sector is evolving rapidly and set to seize new opportunities. The budget will have a positive impact in a sector poised for new growth. We also appreciate the fact that the government took the needs of small business into account in this budget.”
  • Retail Council of Canada: “welcomes today’s federal budget, which continues to reduce taxes on Canadian merchants. The proposed measure boosting the small business deduction will help make Canada’s independent retailers more competitive in the face of strong Global competition. This budget builds on the government’s overall record of lowering the corporate income tax rate from 22 per cent to 15 per cent.”
  • The Canadian Council for Public Private Partnerships: “we are pleased with the creation of a new Public Transit Fund that will provide a source of permanent funding for major transit projects starting in 2017 and will harness private sector expertise, including P3s. The Federal Government has demonstrated leadership today by continuing to invest in public transit infrastructure that is critical to the economic engine of our municipalities and to people’s quality of life.
  • Canadian Steel Producers Association: Budget 2015 includes commitments that our industry has strongly supported as essential to strengthening our market and investment prospects. The Budget projects an imminent return to fiscal balance, an overarching feature that strengthens competitive basics for Canadian manufacturing.  In addition, it includes a number of more specific measures that are of special significance to the Canadian steel industry”
  • Canadian Gas Association: “These measures will help to provide more choices to consumers, improve the quality of life of Canadians, and make businesses and industry more competitive. All of this supports job creation, prosperity, and economic growth and natural gas utilities look forward to opportunities to work with the Government of Canada on these important initiatives”
  • The Canadian Foundation for Healthcare Improvement: “welcomes the renewed federal funding of $14 million over two years, announced in Budget 2015. This commitment by the Government of Canada represents an investment in healthcare innovation that will improve care for patients and provide better value for taxpayers. This funding renewal ensures that CFHI can continue to develop and spread innovative solutions to pressing healthcare challenges – including best practices in palliative care – and improve the delivery of healthcare services for all Canadians.”
  • ALS Canada: “We thank the federal government for their commitment to the extension of the Compassionate Care Benefit. The increase of the Compassionate Care Benefit to 26 weeks from its original 6 weeks means our voices are being heard and we are making progress”
  • I-Sec Integrated Strategies: “The increases outlined in this year’s federal budget will deliver important enhancements to Canada’s national security capabilities. As importantly, it will ensure a significant boost to what is already an effective review mechanism (SIRC) – – now better capable to scale its activities in synch with the increased mandate flexibility of CSIS proposed under Bill C-51.”
  • Canadian Alliance of Student Association: “Canada’s post-secondary students are welcoming extensive new measures in the 2015 federal budget that will enhance access to post-secondary education and improve long-term employment prospects for Canadian youth. We are extremely pleased to see that government is taking students’ priorities seriously. The total contributions are $419 million over four years. Students have not seen this kind of investment in financial aid in several years.”
  • Polytechnics Canada:welcomes today’s federal budget with its mix of new funding announcements and future commitments for skills and innovation. Specifically, the Budget recognized a number our recommendations for skilled tradespeople, for improving career information for students and employers, and for ongoing support for applied research and innovation at colleges and polytechnics. The promotion of the Blue Seal Certification Program and the creation of a one stop labour market information portal are two important steps to building a modern workforce for Canada.”
  • Tourism Industry Association of Canada: “Today’s federal budget promises to improve Canada’s global competitiveness in attracting US visitors, and strengthen the travel industry’s ability to create jobs and wealth for Canadians in every region”
  • Food & Consumer Products of Canada: “pleased that the federal government announced a 10-year renewal of the Accelerated Capital Cost Allowance in today’s Budget. This is a win for Canadian food, beverage and consumer product manufacturers and it will have a positive impact on the economy.”
  • Progressive Contractors Association of Canada:Today’s budget strikes an appropriate balance between fiscal responsibility and continued investment in the skilled trades, resources industry, manufacturing and other sectors at the heart of Canada’s economy”
  • Canadian Electricity Association: “applauds the Government’s intention to enhance funding and introduce legislation to heighten the protection of vital cyber systems, as announced today in the federal budget.”
  • Canadian Pork Council: “The Canadian swine industry is very supportive of expanding trade and cooperation activities that would help to improve the trading climate and competitiveness of Canadian Pork. The budget contained an ongoing demonstration of a commitment to agriculture and the hog industry market development efforts.
  • Canadian Meat Council: “Government policies and decisions, including several of the proposals contained in Budget 2015 impact directly on the competitiveness of Canada’s meat industry. We were particularly pleased with the 10-year investment incentive that will allow for a faster write-off for machinery and equipment by extending the accelerated capital cost allowance until the end of 2025.”
  • The Food & Consumer Products of Canada: “pleased that the federal government announced a 10-year renewal of the Accelerated Capital Cost Allowance in today’s Budget. This is a win for Canadian food, beverage and consumer product manufacturers and it will have a positive impact on the economy. The concrete, long-term extension now provides businesses with more planning certainty for larger investment projects and encourages investment in the innovative technologies required to boost productivity.”
  • Canadian Vehicle Manufacturers’ Association: “welcomes today’s federal budget announcement of
  • the Automotive Supplier Innovation Program. A program which addresses the critical gap in support for industry based product development that lies between the basic research conducted in universities and fully-commercialized products in the marketplace is a welcomed course of action.”
  • Canadian Nurses Association: “Encouraged by home accessibility tax credit, which will help seniors age safely and securely at home.”
  • University of Calgary: “We thank the federal government as this investment will greatly assist our institution to sustain long-term viability in many key areas of research and innovation. Continuing the positive trajectory of investment in our nation’s research ecosystem is paramount to the success of Canada’s research intensive universities for attracting global talent, conducting world-leading research, and developing the next generation of researchers for universities, the private sector, government and not-for-profit organizations.”
  • Vancouver Mayor Gregor Robertson: “I’m pleased to see a permanent public transit fund being established with enough dollars to generate the federal share of our Metro Vancouver transit plan.”
  • Own the Podium: “The Government of Canada continues to lead the way in creating a new culture for winning, which Canada’s athletes and coaches fully support. Building depth is critical to mounting an attack on any podium, and this commitment is a critical step forward to ensuring Canada’s goal to find and develop Olympic and Paralympic champions in every corner of the country.”
  • Sport Matters Group: “High performance sport has just been given a significant boost for the next four years.”
  • 150 Alliance: “good news for the thousands of local and national organizations gearing up to mark the 150th anniversary of Confederation. This is a time for Canadians to map out new adventures and push past old limits. It’s a time to dream about what our country could be. The ongoing collaboration between the 150Alliance and Canada 150 gives us an opportunity to do just that.”
  • Volleyball Canada: “Great to see additional support for Canada’s next generation of Olympians and Paralympians.”
  • Grand Challenges Canada: commended the Government of Canada’s sustained leadership on solving global health challenges through innovation, including maternal, newborn and child health, reaffirmed in the federal budget for 2015 tabled by the Minister of Finance, the Honourable Joe Oliver. Grand Challenges Canada is honoured that the Government of Canada will provide $22.8 million in 2016-17 to continue supporting innovative and promising projects in global health.”
  • CanoeKayak Canada: “The NextGen concept focuses targeted sport science, sport medicine and coaching resources into the daily training environment of athletes, who will compete for us in Tokyo and beyond. This is exactly what the sport system needs to sustain the breakthrough performances Canada has achieved over the last two quadrennials.”
  • Inuit Tapiriit Kanatami: welcomed an announcement in today’s federal budget of up to $17 million aimed at engaging Inuit in developing Canada’s Arctic emergency response capacity, and $34 million for extending navigational warning services in the Northwest Passage and other Arctic waters. Marine infrastructure and Arctic search and rescue capabilities figured highly in our 2009 Arctic Leaders Working Meeting meeting with Prime Minister Harper.”
  • The Federation for the Humanities and Social Sciences: “welcomes the government’s future investments in research funding announced in today’s federal budget. New investments  announced today in Canada’s research granting councils, in Mitacs, CANARIE and  in Canada Foundation for Innovation (CFI) underscore the invaluable role these institutions play in advancing research excellence and ensuring a leadership role for Canada in knowledge production and innovation”
  • Canadian Life and Health Insurance Industry: “welcomes a number of measures in today’s federal budget. We are particularly pleased with those aimed at enhancing opportunities for long-term investment. We support the increased funding for infrastructure, most notably the recognition that P3 alternative financing can be an effective contributor. We also support the further release of 50-year government bonds over the next year”.
  • Association for Mineral Exploration British Columbia:We are very pleased to see the federal government’s commitments to extend the Mineral Exploration Tax Credit through March 2016 and to expand the eligibility of Canadian exploration expenses. Having effective incentive programs that attract and retain responsible mineral exploration programs to Canada are critical to the competitiveness of the industry. These incentives will be of great strategic and economic value when commodity prices inevitably rise and more world-class deposits are discovered in British Columbia for the benefit of all Canadians.”
  • Quebec Finance Minister Carlos Leitao: “And so in our view, today’s federal budget is good news for economic development and growth in Quebec. Not to mention for Quebec taxpayers.”
  • Winnipeg Mayor Brian Bowman: “It’s going to be of great assistance to big cities across Canada. It’s a dedicated fund. I believe it’s the first time the federal government has ever set out something specifically for public transit like this and that’s a positive development.”
  • Aero Montreal: “is proud that the Government of Canada recognizes the importance of rolling this program out at the national level. It will provide a funding boost to the program already in place in Quebec.”
  • Quebec City Mayor Régis Labeaume: “We’re quite pleased, being the only project in Canada mentioned [in the budget]. […] We’re very happy.”
  • Raymond Chabot Grant Thornton: “Taxpayers, be they individuals or corporations, are tired of the taxman reaching into their pockets. This budget will give them a bit of a breather, particularly small businesses, the economic engines so essential to our prosperity.”
  • Industrial Alliance Chief Economist: “Canada’s debt is already the lowest of the G7 countries as a percentage of GDP. As we are an oil-exporting nation and the price of crude has plummeted, it’s actually good news that we’re performing as well as we are.”
  • Western University: “I thank the government for understanding the importance of building crucial infrastructure to support projects at research-intensive universities and hospitals across the country. Investments of this kind give us a competitive edge on the global stage and allow us to attract and retain top faculty and students from around the world.”  
  • The Federation of Chambers of Commerce of Quebec: “Spending controls have allowed the Government of Canada to whittle down its deficit from the peak seen in 2009-2010. This performance has placed Canada in an enviable position and allows us to look to the future with optimism.”
  • Quebec Federation of Municipalities: “The announced reduction in the tax rate for small businesses, from 11% to 9%, will be well received by regional businesses. In addition, the increase in the Lifetime Capital Gains Exemption to $1 million for businesses in the agriculture and fishing sectors will help them pass the torch to the next generation.”
  • Council of Quebec Forest Industry – André Tremblay President and CEO: “By this budgetary measure, the Canadian government is recognizing the forest industry’s major contribution to the country’s economy. With its 216 500 direct jobs, including some 60 000 in Quebec, the industry contributes to Canada’s GDP to the tune of nearly 21 billion dollars.”
  • Le Regroupement des événements majeurs internationaux: “Minister Oliver’s announcement and the groundwork laid by Canadian Heritage Minister Shelly Glover signal measures that will improve and breathe new life into events and festivals that will, to be sure, mark Canada’s 150th anniversary but will also increase the economic spin-offs from these happenings.”
  • Canadian Home Builders’ Association: “very pleased to see this targeted home renovation tax credit that will not only help seniors make necessary changes to their homes, but by requiring receipts will help protect them from poor — sometimes dangerous — workmanship, and outright fraud by cash operators”
  • HealthCareCAN: “we applaud the extension of the Employment Insurance Compassionate Care Benefits from six weeks to six months. This is an excellent move on the part of the federal government in supporting Canadians who care for their frail elderly relatives. We also support continued investment in the Canadian Foundation for Healthcare Improvement, including the focus on palliative care.”
  • Edmonton Mayor Don Iveson: “This money will allow us actually to continue building LRT indefinitely until the system is done, which is very exciting news for Edmontonians.”
  • Greater Kitchener Waterloo Chamber of Commerce: “From the business perspective, this is a good-news budget. Economic growth in Canada is delivered through the small business sector. The budget is good for Ontario business. I think it’s good for Waterloo Region business.”
  • Union of Quebec Municipalities: “The UQM favourably welcomes the new Public Transit Fund, a measure that responds to a major concern for municipalities. The Union is also satisfied with the fact that the envelope of $1.7 billion for social housing is being maintained, as well as with the additional amounts of $150 million over four years.”
  • Meridian Credit Union: “This will certainly help the seniors and the savers. We think the new Registered Retirement Income Fund formula will really help seniors better manage their retirement savings as they live longer.”
  • Coalition Avenir Québec: “Getting the fiscal house in order and returning to a balanced budget are crucial for ensuring the continuity of services to citizens. The federal government has also confirmed the measures that it announced to reduce the tax burden on middle-class families…”
  • Calgary Chamber of Commerce: “The tax competitiveness of our small businesses is priority No. 1 and the fact that we saw a rate reduction from 11 to nine per cent is welcome news for us.”
  • Niagara Regional Chair: “we welcome the federal government’s focus on public transit infrastructure in this budget.”
  • Ottawa Mayor Jim Watson: “I’m pleased to see significant transit funding identified in today’s budget.”
  • Board of Trade of Metropolitan Montreal: “Overall, it is a positive budget. It keeps on track towards balancing the budget and announces targeted measures to reduce the tax burden on businesses, as well as to stimulate research and innovation.”
  • Communitech: “really encouraging for us is the emphasis on helping small and medium enterprises do a better job of exporting to new markets”
  • L’Union des producteurs agricoles (UPA) : “…favourably welcomes the 2015-2016 budget’s tax relief measures for farm businesses, while emphasizing the need to improve the safety net for farmers.”
  • University of Calgary: “Really it allows us to stay at the cutting edge. You need those tools and the equipment to conduct research that’s really going to push the envelope; and that’s what attracts top talent”
  • Canadian Manufacturers & Exporters: “this year’s budget backs up the importance of both manufacturing and exporting with a number of important tax and investment measures that will have a very positive impact for CME members. Most importantly, the budget provides an Accelerated Capital Cost Allowance over the next ten years for investments in manufacturing and processing technologies.”