Incase you missed it. The inaugural issue of Download North – People & Policy Magazine highlighted CATA’s COVID19 first half year advocacy efforts. The Download North Media Suite, includes a monthly newsletter.
The Fall Issue reviews CATA’s advocacy focus that kicked off with a letter to Prime Minister Trudeau on 3 April. These efforts led to an expedient restart to SR&ED claims following $200,000,000 in stalled returns. Thousands of companies benefitted in the uncertain days of early COVID19.
Hundreds of CATA community members contributed to surveys, letter writing campaigns and meetings that included Cabinet Ministers, MPs and Canada’s Ambassador to the World Trade Organization (WTO). Topics ranged from CATA’s proposal to digital trade and WTO reform.
On the eve of the September 23rd Throne Speech, strategies for the future had taken a twisting and turning path. The Organization for Economic Co-operation and Development (OECD) came out in support of the same approach CATA recommended for small and medium technology companies back in April.
In her 20 September blog, Coronavirus; Living with Uncertainty, OECD Chief Economist, Laurence Boone penned economic outlook recommendations. She provided guidance to world leaders on national economic policy:
‘Support to firms must evolve to let non-viable firms go and encourage viable ones to grow. Equity instruments could be deployed for large firms, with state support, provided competition is preserved and a clear strategy for exit designed. However, it will require more creativity for SMEs, for example in the form of tax credits, with repayments occurring when firms sustainably return to profit’
CATAAlliance submitted a creative Resilience and Rebound Proposal for this very solution in April. 338 members of parliament have received this simple like CERB data solution that uses government audited data to boost liquidity for new market opportunities, GDP, R&D creation and jobs.
We have offered additional solutions to Minister Ng and advised Minister Chrystia Freeland that CATA stands by ready to help.