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Canadian business leaders urge PM Carney to boost investment, tax relief, and capital access in the Nov. 4 budget despite a $68.5B deficit.
Canadian business leaders are urging Prime Minister Mark Carney’s government to focus on investment, tax relief, and better access to capital in the November 4, 2025, federal budget, despite a projected $68.5 billion deficit.
Groups including the Business Council of Canada and the Canadian Federation of Independent Business are calling for simplified tax and regulatory reforms, improved access to funding, and streamlined programs like the SR&ED tax incentive.
Small businesses are concerned about U.S. tariff changes, including the end of the de minimis exemption, while the tech sector seeks clearer support for a domestic defense technology industry as defense spending aims to reach 5% of GDP by 2035.
Industry groups emphasize that strategic investments could boost growth and long-term fiscal health, even amid fiscal constraints.
Los líderes empresariales canadienses instan al primer ministro Carney a impulsar la inversión, el alivio de impuestos y el acceso al capital en el presupuesto del 4 de noviembre a pesar de un déficit de $68.5 mil millones.