The Tri-Cities Chamber of Commerce says the federal budget includes several measures meant to encourage business investment, including a Productivity Super-Deduction, expanded support for research and development, and incentives for business reinvestment. In a news release, the Chamber said how well the programs are delivered will determine their success.
The Chamber's main concern is whether smaller businesses can use the programs. CEO Jennifer McKinnon said small and medium-sized businesses "cannot be left behind when it comes to accessing federal support." The Chamber says eligibility rules, administrative requirements and timelines will matter, especially for firms with limited resources.
The Chamber also pointed to budget items on workforce and housing. These include $170 million for employee retraining after tariff-related job losses and Employment Insurance support for apprentices increasing from 14 to 18 weeks. It also noted $13 billion in additional capital over ten years for non-market housing. It said the projected $62.3-billion deficit raises questions about fiscal sustainability.
The Chamber says it will continue advocating with the Canadian Chamber of Commerce network, including Hill Day meetings in Ottawa on December 1 and 2. Readers can find the full release on the Tri-Cities Chamber website.