Today, the Ontario Chamber of Commerce(OCC)and Ontario Chamber Network released their 2022 Federal Budget Submission, focused on economic recovery, resilient communities, and regulation and fiscal policy.
Some key highlights from the budget submission include recommendations for the Government of Canada to:
Promote Canada’s energy sector on the global stage and recognize nuclear power as a clean and necessary energy resource in the fight against climate change.
Expand immigration and express entry of skilled workers to address labour shortages.
Increase the Canada Health Transfer Payment to meet the current and future pressures facing Ontario’s health care system.
Modernize transportation infrastructure to address bottlenecks along supply chains and facilitate the decarbonization of the transportation sector.
Reform the federal tax system to attract foreign direct investment, drive domestic business growth and innovation.
Develop a sustainable path to reduce the federal debt-to-GDP ratio and wind down other pandemic-related supports to ensure long-term fiscal balance and the capacity to address future economic shocks.
The recommendations outlined in OCC’s budget submission were developed together with businesses, associations, post-secondary institutions, and the Ontario Chamber Network.