Canadian Chamber of Commerce President and CEO Perrin Beatty issued the following statement in response to today’s announcement by Natural Resources Minister Joe Oliver:
Cuts to government jobs may command the headlines, but the most significant item in the federal budget was the long-overdue decision to clean up Canada’s inefficient regulatory oversight of natural resource projects.
The Canadian Chamber of Commerce has long supported Pooled Registered Pension Plans—or PRPPs—as a way for SMEs to help their employees save for retirement. PRPPs will also provide individuals and self-employed Canadians with additional options to save for their retirements.
More than six out of every 10 Canadians have no workplace pension plan. PRPPs offer the lower administrative fees associated with larger pension plans and the flexibility businesses and individuals require to choose retirement savings solutions that fit their needs and resources. More information on how PRPPs would work is available from the Department of Finance.
Bill C-25, the federal legislation that will establish a federal framework for PRPPs, is moving through Parliament, and last week, Ted Menzies, the Minister of State for Finance, briefed local chambers across Canada on the status of PRPPs at the federal, territorial and provincial levels.
We want to learn more about how Canada’s skills crisis is affecting your business and what measures you’re currently taking or would take to manage the problem.
We’ve developed a series of surveys to help us gather your feedback. These surveys will be released every two weeks. Please take a few minutes to answer our questions. Your input will help us develop solutions to the number-one challenge facing Canadian companies.
Survey 1 | Post-secondary education
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Survey 2 | Life-long learning
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Survey 3 | Older workers and people with disabilities
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March 29, 2012—Today’s budget builds on Canada’s economic and fiscal advantages to lay the foundation for greater competitiveness. The measures announced will promote Canadian business success in the global economy.
For months, we have urged the government to focus on where Canada needs to be five or 10 years from now, even if it means taking tough decisions now. We are glad the government has acted on some of the key elements of our Top 10 program for restoring Canada’s competitiveness. We’re particularly interested in the budget’s focus on two key elements for our network: skills and regulatory reform.
We want to learn more about how Canada’s skills crisis is affecting your business and what measures you’re currently taking or would take to manage the problem.
We’ve developed a series of surveys to help us gather your feedback. These surveys will be released every two weeks. Please take a few minutes to answer our questions. Your input will help us develop solutions to the number-one challenge facing Canadian companies.
Survey 1 | Post-secondary education
Related backgrounder
Survey 2 | Life-long learning
Related backgrounder
