CPCA Supports 2021 Ontario Budget
The Canadian Paint and Coatings Association (CPCA) welcomes the release of Ontario’s Action Plan: Protecting People’s Health and Our Economy. The 2021 Budget is the next phase of Ontario’s response to COVID-19 and is focused on the two-pronged challenge of limiting the spread of the virus while mitigating its negative economic impacts.
Leading up to the release of the Budget, CPCA supported policies that would lay the essential groundwork for a robust economic recovery and we are pleased that the Budget takes steps to create these conditions for our member companies operating in Ontario.
We look forward to some of the measures in the budget helping us grow our industry sector in Ontario, such as the following:
- Additional funding for Invest Ontario over the next four years supporting manufacturing and technology jobs
- Additional investment of over $614 million in 2020–21 and 2021–22 for employment and training supports
- Jobs Training Tax Credit to help up to 230,000 workers in Ontario develop the in-demand skills needed to find employment
CPCA President and CEO Gary LeRoux said “We are pleased to see that the Ford Government is making strides in help new business and manufacturing grown in the Province while putting the worst of the pandemic behind us.”
The paint and coatings industry is crucial to the economic recovery of Ontario, contributing over 1.8 billion to the Province’s GDP, contributing $647 million in provincial taxes annual and supporting over 34,000 direct and indirect jobs. The industry continues to be essential to the performance of numerous products and technologies on the frontlines of the COVID-19 response such as protective coatings for medical equipment, protective clothing, antiviral and antimicrobial coatings, packaging, and maintenance of critical health infrastructure and utilities.