CMC recently submitted its recommendations for the Government of Canada’s pre-budget consultations for its 2024 budget. <\/p>\n\n\n\n
Through its submission, CMC explained how its 10 recommendations would help support co-operatives as well as their local communities. Here are the recommendations submitted:<\/p>\n\n\n\n
Recommendation #1:<\/strong> Ensuring Access to Government-Funded Programs and Initiatives.\u00a0 Recommendation #3:<\/strong> Ratifying the Tax-deferred Co-operative Share Program as a Permanent Fiscal Measure.<\/p>\n\n\n\n Recommendation #4:<\/strong> Promoting Business Conversions to Co-operatives for Economic Succession Planning.<\/p>\n\n\n\n Recommendation #5:<\/strong> Creating a Canadian Co-operative Capacity Building Program.<\/p>\n\n\n\n Recommendation #6:<\/strong> Ensuring that Tax Rules are Harmonized to Include Worker Co-operatives, When Providing Incentives to Facilitate the Creation of Employee Ownership Trusts.<\/p>\n\n\n\n Recommendation #7<\/strong>: Ensuring Co-operative Entrepreneurs and All Canadian-Controlled Private Corporations Can Access the Small Business Deduction (SBD).<\/p>\n\n\n\n Recommendation #8:<\/strong> Re-establishing and Resourcing a Co-operatives Secretariat within Innovation, Science and Economic Development Canada (ISED).<\/p>\n\n\n\n Recommendation #9:<\/strong> Establishing a Federal Co-operative Investment Plan, Inspired by Qu\u00e9bec\u2019s\u00a0Co-operative Investment Plan (R\u00e9gime d\u2019investissement coop\u00e9ratif<\/em>).\u00a0<\/p>\n\n\n\n Recommendation #10<\/strong>: Implementing Fair Tax Treatment and\/or Other Fair Public Policy Treatment for Co-operatives with an Indivisible Reserve.\u00a0<\/p>\n\n\n\n Read the CMC submission to learn how each recommendation supports the Canadian co-operative movement!<\/p>\n\n\n\n For more information on CMC’s submission, please contact Daniel P. Brunette<\/a>, Senior Director, External Affairs.<\/p>\n\n\n\n