cover image: 2017 Federal Pre-Budget Submission to the Government of Canada /

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2017 Federal Pre-Budget Submission to the Government of Canada /

16 Feb 2017

The EI program has long helped meet the needs of vulnerable Ontarians, with nearly 90 percent of unemployed workers covered by the system since the 1980s.6 However, from the perspective of the business community, two major concerns have emerged with regards to the system’s effectiveness. [...] On the other hand, Ontario, despite having a fiscal capacity lower than the national average, continues to contribute more to the federal government in revenue than it receives in spending.11 The net contribution made by Ontario relative to the benefits received by the other provinces is reflected on the chart on the next page. [...] While the OCC is encouraged by the prioritization of our relationship with the U. S. that the federal government has demonstrated by the appointment of a Parliamentary Secretary with an expressed mandate of strengthening our relationship with the U. S, the sending of Canada’s top parliamentary staff to meetings with senior White House officials and the creation of a war room within the Prime Minis [...] In a recent investigation of the drivers of firm growth in Ontario, the Institute for Competitiveness and Prosperity found that engagement in international trade exhibits a large return in both revenues per employee and size of the business by number of employees.20 As a result, exporters disproportionately contribute to the Canadian economy. [...] According to the World Economic Forum, the quality of Canada’s overall infrastructure in 2015-2016 was 23rd among developed nations.25 Canada’s relative ranking in terms of the ability of its trade infrastructure to support the distribution of exports to destination markets is an important part of the competitive equation for Canadian suppliers.
health government politics economics economy taxation entrepreneurship international trade canada business competitiveness economic growth employment exports labour unemployment venture capital economic sector nafta canadian economy employment insurance competition (companies) economy of canada equalization equalization payments
ISBN
9781928052425
Pages
20
Published in
Toronto, ON, CA

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