April 21, 2021 | Budget 2021 and natural resources
Stewart Muir Stewart Muir is founder and executive director of the Resource Works Society, a Vancouver-based group open to participation by British Columbians from all walks of life who are concerned about their future economic opportunities. He is an author, journalist and historian with experience on three continents including a financial editor of The Vancouver Sun responsible for mining and markets coverage. Since Resource Works was established in 2014, the group has gained international recognition for its practical approach to the public challenges of responsible natural resource development and use.
From R&D to low emission fuels and national trade corridors, Budget 2021 means big things for natural resources, says Margareta Dovgal.
Photo Credit: Stock.adobe
The federal budget has now been released, with $101.4 billion in new spending and a projected deficit of $354.2 billion for 2020 and dropping to $154.7 billion in the current 2021-22 fiscal year.
The focus of the budget is on pandemic recovery and resiliency with spending in three key areas: raising the federal minimum wage, $30 billion towards a national childcare plan, and $17.6 billion towards cleantech investments. It also includes a 50 per cent 10-year reduction on corporate and small business income tax rates for companies manufacturing zero-emissions technologies, such as solar panels and electric buses.
But there is plenty of interest for Canada’s manufacturing sector, although the Canadian Manufacturers & Exporters association found much to criticize.
Federal government looks to “punch our way out of the COVID recession” with #Budget2021
The federal government has published its Budget 2021, which focuses on addressing the third wave of the pandemic and economic recovery. The commitments include targeted funding towards the tech and innovation sector as a way to support that recovery.
The Government of Canada called the budget “a plan to bridge Canadians and Canadian businesses through the crisis and towards a robust recovery.” Proposals include extending business and income support measures through to the fall and investments to create jobs. The Budget also includes plans to accelerate investment in the digital transformation of small and medium-sized businesses, and a focus on cleantech and creating inclusive workplaces, the latter of which includes a proposal to establish a $15 federal minimum wage.
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OTTAWA, ON, April 19, 2021 /CNW/ - Tech-Access Canada, the national network of Canada s 60 Technology Access Centres (TACs), welcomes Budget 2021 s support for the Interactive Visits Program and the numerous initiatives to support innovation and applied research at Canada s colleges and cégeps.
Specifically, Budget 2021 announced:
Funding to provide more businesses with access to the National Research Council s Industrial Research Assistance Program s Interactive Visits, where firms can access equipment, facilities, and expertise at college-affiliated Technology Access Centres.
Expanding the Industrial Research Assistance Program to support additional innovative small and medium-sized firms.
Significant support for collaborative innovation projects and increasing TAC capacity through the College and Community Innovation Program.
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