Industry Competitiveness

The Chemistry Industry Association of Canada advocates for a competitive business climate in the various Canadian jurisdictions in which its members operate. A competitive business climate fosters new investment and ensures the economic sustainability of manufacturing operations in Canada.

A few facts about the chemistry industry's economic performance:

  • In 2011, the global chemistry industry produced goods valued at $4.5 trillion US and traded $1.8 trillion US worth of goods internationally.

  • Roughly 43 per cent of the global chemistry industry is located in the Asia Pacific region, while 27 per cent is located in Europe and 26 per cent in the Americas.

  • In 2011, Canada's chemistry industry produced goods valued at $46 billion.

  • The Canadian chemistry industry employs 83,300 people directly, and supports a total of 500,000 jobs in the Canadian economy when indirect employment is included

  • While there are chemical-producing facilities in every province, Canada’s chemistry industry is concentrated in Ontario (43 per cent of the industry’s output), followed by Alberta (29 per cent) and Quebec (17 per cent).

  • The chemistry industry is efficient; it employs the latest technologies, raising its productivity while its environmental footprint shrinks.
Recent Activity
Aug16
CIAC's 2011-2012 Pre-Budget Consultation Submission
8/16/2011 11:15:00 AM by smayes

On August 12, 2011, the Chemistry Industry Association of Canada submitted its input to the House of Commons Standing Committee on Finance, as part of the 2011-2012 pre-budget consultations.

CIAC emphasized the chemistry industry’s role as an innovative, value-added manufacturer and creator of jobs and wealth. The Association also reiterated that as a resource-based and developed economy, Canada needs to continually attract investment in value-added upgrading, in order to improve productivity and environmental performance, and generate wealth for the future.

In order to create sustainable jobs, follow through on announced and scheduled corporate tax reductions, and restore a balanced budget, CIAC urged the Committee to adopt the following recommendations:

  • A five-year extension of the Accelerated Capital Cost Allowance (ACCA)
  • Maintain the Scientific Research and Experimental Development (SR&ED) tax credit program and streamline its administration 
  • Focus on a value-added manufacturing strategy

Read CIAC’s full submission to the House of Commons Standing Committee on Finance here.

 
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