(OTTAWA) – October 16, 2018 – The Canadian Chamber of Commerce issued the following statement today in response to the Standing Senate Committee on Banking, Trade and Commerce’s recommendations to improve Canadian business competitiveness:
“We enthusiastically welcome the Senate Committee’s timely report and its recommendations for improving Canadian competitiveness. Much of what the Committee proposes has been at the core of the Canadian Chamber’s advocacy efforts in recent years, and we are pleased to see the growing support for measures that will encourage investment, create jobs and prosperity for all Canadians.
Specifically, the Standing Committee’s support for the Canadian Chamber’s recommendation that government conduct a much-needed review of Canada’s cumbersome and complex tax system will be well-received by the business community. Getting the tax mix right is integral to promoting long-term economic growth, to ensuring Canada is internationally competitive, and that we reward entrepreneurship and encourage investment in the technologies, skills, and capacity companies need to grow.
The Committee’s report also makes other recommendations that are consistent with long-standing Chamber positions, including the need to reduce the regulatory burden on businesses, the elimination of internal trade barriers, investments in Canada’s trade-enabling infrastructure, as well as the need for an aggressive trade diversification strategy that includes fast-growing economies like India and China.
We look forward to the government’s response to this important and timely report, and remain committed to helping government implement its recommendations which will help to build a Canada that wins.”
The Canadian Chamber of Commerce is the vital connection between business and the federal government. It helps shape public policy and decision-making to the benefit of businesses, communities and families across Canada with a network of over 450 chambers of commerce and boards of trade, representing 200,000 businesses of all sizes in all sectors of the economy and in all regions.
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