Developed with research conducted by the Conference Board of Canada
Responsible fiscal management and competitive tax policies encourage investment and economic growth, creating jobs and contributing to a higher standard of living for all Newfoundlanders & Labradorians. The current economic and fiscal situation in the province is the number one issue of concern for senior business leaders. Given the magnitude of the current fiscal crisis, the Employers’ Council commissioned the Conference Board of Canada to examine a variety of possible routes government could take in the 2016 provincial budget to return the province to a sustainable fiscal position.
The Conference Board examined spending in NL as compared to other provinces on a per capita or per GDP basis. They also measured the economic impact of tax increases and spending reductions to specific program categories, and made recommendations for NL. Based on this research the Employers’ Council has developed the following Shadow Budget, recommending expenditure and revenue targets for government over the next four years.
In response to the recent headlines as noted below The Heavy Civil Association in conjunction with other related NL associations are reaching out to respective members with the following information. “Heavy equipment used to smash windows, steal ATM at Sobeys in St. John’s” CBC News “Heavy machinery was the tool of choice in a couple […]
I wanted to let HCANL Members know about a course (Newfoundland and Labrador Environmental Industries Association) NEIA is providing in the new year (through one of its members) to help businesses adapt and succeed in the lower-carbon economy. The course (1) explicitly outlines the practical impact of carbon taxes, offsets, performance standards, electricity rates, etc. on […]
St. John’s, NL – Effective January 1, 2019, WorkplaceNL is applying a $0.21 discount to its average assessment rate, to reduce the rate from $1.90 to $1.69 per $100 of payroll for employers in Newfoundland and Labrador. This is the lowest average assessment rate paid by employers in over thirty-five years. This temporary discount is to […]
The recipient of the 2018 Heavy Civil Association of NL MUN Scholarship was Salman Jamal who is a Term 6, Civil Engineering Student. HCANL provides 5 student Scholarships each year consisting of 1 for a MUN Engineering student, 2 CONA Scholarships for Engineering Technology students and 2 Member Employee Scholarships for students finishing high school and […]
Call for Applications – 2019-20 Infrastructure Programs
The Provincial Government is adjusting the cost share ratios for new municipal infrastructure projects to make it easier for communities to construct roads and build community centres via the Investing in Canada Plan. Yesterday at the opening ceremonies for the Municipalities Newfoundland and Labrador Trade Show and Convention, the Honourable Dwight Ball, Premier of Newfoundland […]
