-9.7 C
Fort St. John
Friday, February 22, 2019
9924 101 ave Fort St. John, B.C.
Advertisement
Home Canadian Press Feds mull competitiveness changes this fall, after easing carbon tax thresholds

Feds mull competitiveness changes this fall, after easing carbon tax thresholds

Advertisement

OTTAWA, O.N. – The federal Finance Department says changes could be on the way this fall to address Corporate Canada’s competitiveness fears in a week that has already seen Ottawa take steps to help some businesses avoid losing an edge due to the Liberals’ controversial carbon pricing plan.

A spokeswoman for Bill Morneau says the finance minister been spending the summer listening to a wide range of perspectives on Canada’s competitiveness challenges and, if he is to make any adjustments, they would be announced in his fall economic statement.

For months, the business community has fired off numerous warnings to Ottawa that recent changes _ such as major corporate tax reforms in the United States – have put the country at a deep disadvantage.

- Advertisement -

Morneau’s office has been studying a number of different options – but it has yet to promise that it will make any changes at all.

Last week, following months of consultations, Ottawa scaled down its carbon pricing plan for heavy industrial emitters with the aim of reducing greenhouse gas production without driving firms from Canada altogether.

Environment Minister Catherine McKenna says companies told Ottawa the initial plan announced last winter was too onerous.

Business associations have called on Ottawa to cut corporate taxes in Canada. They’ve argued the U.S. tax changes could end up inflicting more damage on the Canadian economy than would the possible termination of North American Free Trade Agreement.

get the latest news in your inbox

Author

Advertisement

Local Events

Must Read

NEB gives Trans Mountain pipeline expansion its endorsement

CALGARY, A.B. - The National Energy Board has endorsed an expansion of the Trans Mountain pipeline following a reconsideration of its impact on marine...