CME is helping make your business more competitive by working to lower your tax burden, simplify regulations and reduce the non-tax cost of doing business in Canada.
Why It Matters
Low business costs are the key to competing successfully at home and abroad. They help attract production mandates, increase exports, and leave more money available for companies to invest in their own future success.
Canada is already an expensive place in which to do business and costs are trending in the wrong direction. The challenges include:
- An overly complex and uncompetitive tax system
- Rising minimum wages and electricity costs in some provinces
- High telecommunications and air travel costs
- Corporate tax increases in some provinces
- A burdensome regulatory system
- The roll-out of a national price on carbon
- Proposed new Clean fuel standard regulations
Meanwhile, tax reform south of the border has eliminated Canada’s previous tax advantage over the US and is threatening our competitiveness even further. That tax advantage was critical because it helped to compensate for the fact that we are a smaller, less attractive market; and that the non-tax cost of doing business here is higher.
How CME is Helping
CME is committed to lowering your business costs and making you more competitive. Our National Policy Team is working to:
- Reduce your overall tax burden;
- Have all carbon pricing revenues collected from manufacturers be re-invested in the sector;
- Modernize and lighten your regulatory compliance burden; and
- Implement tax reform that rewards your company for growing.
To get involved with CME or to provide comments on our position, please contact CME Senior Vice President Mathew Wilson at Mathew.Wilson@cme-mec.ca.