Measures not included in the 2024 federal budget

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TORONTO — The federal budget tabled Tuesday included $53 billion in new spending, but not everyone got what they were looking for.

Let's take a look at some of the measures not included in the Liberal government's fiscal plans.

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No tax credit for drillers:

An industry association representing oil and gas well drillers said it was disappointed that the budget did not provide the clean technology manufacturing investment tax credit for the drilling and services sector. The Canadian Association of Energy Contractors is lobbying the industry for federal support for decarbonization in the form of tax credits, saying oil and gas drillers can significantly reduce emissions through equipment conversions such as rig electrification.

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The Cannabis Sector is Declining:

A government-commissioned review of the Recreational Cannabis Legalization Act last month made 54 recommendations to strengthen the industry. These included changes to excise taxes, packaging restrictions and safety measures to prevent youth from accessing pot. The budget made no mention of cannabis, and none of the review's recommendations were heeded, with frustration from the industry's biggest players complaining about the rules and the illegal industry making it a struggle to achieve profitability.

It is necessary to pay attention to the aging transit:

The Canadian Urban Transit Association said in a press release that the federal government's ambitious housing plan has yet to address the need for public transit services to add new housing. The trade association said Canada's transit agencies need funding more quickly to keep pace with aging infrastructure and a growing population. The group's president, Marco D'Angelo, said the budget's goal is to ensure access and equity for every generation. “Unfortunately, the budget does not meet the needs of young people, seniors and families who cannot afford a car and use public transport every day.”

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The budget is missing for Canadian farmers:

The agriculture industry has sought additional budget measures to help farmers struggling with higher interest rates, a carbon price for key agricultural activities and increased risk of extreme weather events. In a statement, the Canadian Federation of Agriculture noted positives such as interoperability consultations and expansion of the interest relief program, but was disappointed that it did not see significant issues for the sector addressed by investments in environmental programs, chronic labor issues or improvements to transportation and transportation. trade infrastructure.

Local infrastructure is neglected:

The Assembly of First Nations said the budget ignores the needs of local communities. The organization's national chief, Cindy Woodhouse Nepinak, said Ottawa has reneged on a long-standing promise to close the First Nations infrastructure gap by 2030. A recent report by the Assembly of First Nations found that $349 billion is needed to close the gap. But the federal budget allocated less than $1 billion to upgrade Canada's First Nations, Metis and Inuit infrastructure.

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