CALGARY (660 NEWS) – The announcement of the federal budget has some up in arms, and others saying the ship is being righted.
Sandip Lalli, President of the Calgary Chamber of Commerce feels they’ve been left out, especially on their request to slash the corporate tax rate.
“There isn’t any real forward-looking policy around competitiveness,” says Lalli.
"This budget is a missed opportunity for the federal government to send a strong signal to the investment community that Canada is open for growth" says @SandipLalli – read our full reaction #Budget2019 https://t.co/2OAd0niyLy
— Calgary Chamber (@CalgaryChamber) March 19, 2019
Certainty surrounding taxes and regulations are two more aspects the Calgary chamber was hoping to be addressed.
However, Lalli is pleased that a focus on skills training was included in the budget.
Also in the budget, a one time top-up of the federal gas tax as a way to get infrastructure funding to cities quicker.
Mayor Naheed Nenshi says this will help with major projects already on the books.
“We were really happy to see the one time top up of the gas tax which to the city of Calgary will mean about $68 million,” said Nenshi.
The Mayor would like to see the use of the gas tax mechanism more regularly so the cities can get that money working quicker.