The Canadian manufacturing industry and its workers are one of the key engines of Canada’s economy, representing a vital source of jobs and economic growth for many communities.

That’s why, since 2006, our Conservative Government has proudly supported our manufacturing sector by:

  •  Lowering business taxes to 15 per cent. This tax relief helps manufacturers keep more of their money to invest and hire more employees
  •  maintaining the lowest tax rate on new business investment in the G-7[BG1]
  •  making Canada the first major economy to be a tariff-free zone for manufacturing to boost new investment and job creation
  •  introducing temporary accelerated Capital Cost Allowance (CCA) tax relief to help manufacturers become more competitive when upgrading their machinery and equipment
  •  eliminating the job-killing “corporate surtax”
  •  providing financial incentives for provinces to eliminate job-killing provincial “capital taxes”
  •  helping companies looking to upgrade by offering a temporary 100-per-cent CCA rate for computers acquired after January 27, 2009 and before February 1, 2011
  •  increasing the CCA rate on buildings used for manufacturing and processing
  •  enhancing the Scientific Research and Experimental Development program
  •  saving Canada’s automotive companies from bankruptcy, preserving tens of thousands of jobs
  •  extending the Accelerated CCA to help manufacturers and processors make new investments in manufacturing and processing machinery and equipment.

Economic Action Plan 2012 includes a number of measures to further help manufacturers grow and create jobs, such as:

  •  $500 million to support venture capital activities
  •  extending the domestic responsibilities of Export Development Canada to provide financing support to Canadian manufacturers and other exporters
  •  $110 million to double support to manufacturers and other entrepreneurs through the Industrial Research Assistance Program
  •  $14 million to double the Industrial Research and Development Internship program
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