MONTREAL, Feb. 7 /CNW Telbec/ - As part of the pre-budget consultations held by the Honourable James
M. Flaherty, the Board of Trade of Metropolitan Montreal is asking
Canada's Minister of Finance to capitalize on the recovery to begin
balancing the budget as well as implement concrete measures to boost
"The federal government must honour the commitment it made last year to
balance the budget and it must do so without raising taxes. Canada
weathered the recession well and the recovery here seems stronger than
in most of the other G7 nations. The government must capitalize on this
situation to balance its budget while at the same time implementing
measures to help our economy remain competitive," stated Board of Trade
President and CEO Michel Leblanc.
"We are asking the government to stick to its target of rolling back the
corporate tax to 15% in 2012. Cutting corporate taxes will make
businesses more competitive and stimulate job creation across the
country," added Michel Leblanc.
"The government must also beef up measures to boost the productivity of
our businesses and help them break into the international marketplace.
It must encourage research and innovation in such strategic sectors as
aerospace, life sciences and information and communication
technologies. We also need more initiatives to help SMEs penetrate new
markets," added Michel Leblanc.
"Lastly we want the government to maintain certain strategic
infrastructure investments, more specifically, the construction of a
rail shuttle between Montréal-Trudeau Airport and downtown. Everything
is in place: the studies have been completed, the route has been
finalized and the Quebec government has pledged to finance its share.
The federal government must provide the remaining $200 million needed
to bring this project to fruition," concluded Michel Leblanc.
The Board of Trade's recommendations revolve around four major
Stay the course to return to a balanced budget according to plan without
Beef up measures to enhance business productivity;
Keep up efforts to support and help businesses on the international
Fund certain strategic public infrastructure projects.
The Board of Trade's pre-budget recommendations are available at: http://btmm.qc.ca/2011recommendationsCanada.
The Board of Trade of Metropolitan Montreal is made up of some 7,000
members. Its mission is to represent the interests of the business
community of Greater Montréal and to provide individuals, merchants,
and local businesses of all sizes with a variety of specialized
services to help them achieve their full potential in terms of
innovation, productivity and competitiveness. The Board of Trade is
Quebec's leading private economic development organization.
SOURCE BOARD OF TRADE OF METROPOLITAN MONTREAL
For further information:
Coordinator, Media Relations
Board of Trade of Metropolitan Montreal
Tel.: 514 871-4000, extension 4015