Pre-Budget Submission to Finance Canada

The Canadian Chamber of Commerce welcomes the opportunity to participate in Finance Canada’s ongoing consultation on border carbon adjustments (BCAs). As Canada’s largest business organization, representing companies of all sizes in all sectors and regions of the country, we believe that economic and environmental policies should advance in lockstep to transition toward a low carbon economy while increasing prosperity for Canadians.

The COVID-19 pandemic has been long, hard, and devastating to individual Canadians as well as the country’s health systems and its economy. When COVID-19 caught the world by surprise, the innovative biopharmaceutical sector immediately stepped up, developed, and delivered a number of transformative innovations.

Canadian businesses rely on predictable regulatory processes that enable them to prepare with sufficient lead-in time before the entry into force of new regulations. This ensures the proper implementation of regulations that protect the wellbeing of Canadians and enables companies to remain competitive.