OTTAWA – The Chemistry Industry Association of Canada supports the Ontario government’s move to adopt a new formula for the Global Adjustment – the levy charged to electricity consumers to cover the cost of generation, transmission and distribution.

The Chemistry Industry Association of Canada advocates the rebuilding of manufacturing and creating the right environment to invest in the newest, most productive and efficient processing machinery. We believe a two-year accelerated capital cost allowance (ACCA) for machinery and equipment used to upgrade our material resources and add value to these resources would result in many new investments in Canadian manufacturing. However, it is critical that the ACCA be put in place for machinery and equipment for five years to account for large projects which require two or more years to obtain approvals.

The Chemistry Industry Association of Canada’s Business and Economics (B&E) Group has released the 2010-2011 Competitiveness Scorecards. The national competitiveness assessment, as well as assessments for each of the country’s major centers for chemical production - Quebec, Ontario and Alberta - are updated each year. The regional and national B&E committees prepare and evaluate the reviews immediately following the federal and regional budgets. This year, the scorecards highlight the progress and developments made towards improving competitiveness and take note of the pressures facing chemical clusters in central Canada. Please note that the Quebec scorecards will be available in Fall 2010.

OTTAWA – The Chemistry Industry Association of Canada welcomes the introduction of Ontario’s harmonized sales tax (HST), and an end to the double-taxation of Ontario’s manufacturing sector.