Investment industry groups target key issues in pre-budget submissions

The House of Commons Standing Committee on Finance has requested that submissions for the federal budget focus on the theme of ‘Climate Emergency: The Required Transition to a Low Carbon Economy.’Investment industry associations are calling on the federal government to tackle key issues such as sustainability, tax fairness and caring for Canada’s growing aging population as Ottawa readies to deliver its next federal budget on March 30.

But the first step to achieving any of these goals is to establish consensus about environmentally-minded investing among Canadians, says Ian Russell, the IIAC’s president and chief executive officer. “There should be a set of provisions within the budget to encourage the growth and expansion of these kinds of bonds,” he says.

Meanwhile, the Conference for Advanced Life Underwriting is setting its sights on the removal of provisions in the Income Tax Act that prevent small business owners from selling shares of their companies to younger generations of their family.

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