Federal Government Launches 2022 Pre-Budget Consultation
On January 31, 2022, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Randy Boissonnault, Minister of Tourism and Associate Minister of Finance, announced the launch of pre-budget consultations.
“By delivering significant fiscal policy support to Canadians and avoiding harmful austerity policies, we have seen a rapid and resilient recovery so far,” said Minister Freeland. “As we emerge from the pandemic, our national focus must be jobs and growth – priorities that will form the foundation of the budget.”
Minister Boissonnault said the “government’s top priority remains supporting Canadians and Canadian businesses – particularly those most deeply affected – by providing the tools they need to address challenges as a result of the pandemic.”
In December 2021, HRAI secured a win for the HVAC industry when the federal government released its Economic and Fiscal Update, which included a proposal for a refundable “Small Business Air Quality Improvement Tax Credit” of 25 per cent on eligible air quality improvement expenses incurred by small businesses.
HRAI will make a formal submission to the federal government but members can submit a comment and/or share their ideas for the 2022 budget at LetsTalkBudget2022.ca, which will be available until February 25, 2022.
For more information, contact Martin Luymes at 1-800-267-2231 ext. 235 or email mluymes@hrai.ca.
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