Mike Mueller, president of the Aerospace Industries Association of Canada, appeared before the House of Commons Finance Committee Thursday, May 19, regarding the industry’s concerns relating to the government’s Select Luxury Items Tax Act. Mueller focused his remarks on the negative impact the legislation will have on Canadian aerospace manufacturing and the possible loss of jobs that will be experienced should the Act be implemented as currently drafted.
“Canada’s aerospace industry was hit hard by the global pandemic and is still struggling to recover. This strategic sector is making a significant contribution to Canada’s overall economic recovery and can do much more. Our members are at a loss to understand why the federal government feels this legislation is necessary at such a challenging time for the industry. The only thing this legislation will do is impose a new tax and negatively impact aerospace jobs across the country,” said Mueller.
“This proposed tax targets aerospace manufacturers and will kill revenue and jobs. Aircraft production is a strength for Canada, providing a solid foundation for recovery and jobs, and should not be punished with a misdirected tax on manufacturing that will hurt manufacturers and workers,” said Mueller.
For AIAC’s recommendations to the Government of Canada on Legislative Proposals Relating to the Select Luxury Items Tax Act, click here.
This press release was prepared and distributed by the Aerospace Industries Association of Canada.