Government Relations
CANADIAN MANUFACTURING COALITION
May 25, 2011 – Recommendations to the Canada/U.S. Beyond the Border Working Group (BBWG). Through CTMA’s membership in the CMC, we are pleased to share with our members a Letter to Industry Canada and U.S. National Security Staff regarding the border simplification and regulatory harmonization initiatives.
March 23, 2011 - Support from members allows the CTMA to participate in the Canadian Manufacturing Coalition (CMC) through which we recently worked hard to influence the Federal government’s support of industry and its need to purchase the latest equipment available to remain competitive in today’s global economy.
On behalf of the CTMA Board of Directors, we are pleased to announce that, in Tuesday’s federal budget, we were successful in extending the two-year write-off for investments in manufacturing and processing machinery and equipment until the end of 2013. This will allow Canadian manufacturers to deduct an additional 42 cents in expenses for each dollar invested in new production equipment. It will provide an additional return on capital investment of approximately 12 to 15 per cent. Overall, this accelerated capital cost allowance will save manufacturers more than $600 million in 2012-13 and $2.5 billion over the next five years. This is the result of a 12-month-long advocacy campaign involving manufacturers, the 40 industry associations that are members of the Canadian Manufacturing Coalition, members of the Federal Cabinet, Members of Parliament from all parties and the Canadian Labour Congress. For more information, please see the following:
- News release: Two-year write-off a multi-million dollar boost for manufacturers — English | French
- Letter: Canadian Manufacturing Coalition letter to the Minister of Finance – English
- Backgrounder: Accelerated Capital Cost Allowance – English | French
Thanks to all CTMA members for your continued support.