Transport Canada has a new rule on freight shipping that gives Canadian firms and their employees an incentive to ship jobs overseas.
It’s called the freight freight shipping incentive program.
(The Financial Post) “FEDEX is a competitive advantage,” says Chris Dutton, president of the Canadian Federation of Independent Business.
He says the incentive is supposed to encourage businesses to ship more jobs overseas, and that the program “allows Canadian companies to take advantage of this incentive in order to attract and retain talented Canadian talent.”
The CFIB is calling on the federal government to update the program to reflect the changes that have been made since its launch.
The CFIA has been advocating for the program since the early days of the recession, when it was introduced to help boost the country’s economy.
The industry now employs about 16,000 people in Canada.
The company, which is based in Hamilton, Ont., has more than 700 warehouses, many in Ontario.
The program is now being expanded to include other sectors and industries.
“It’s a win-win for Canadians,” Dutton said.
“The government gets to provide incentives to help more Canadian businesses, and businesses get to invest in the country, because it gives them an opportunity to ship their goods to their home markets and bring them back with more jobs.”
The new rule says the CFIB will also have the power to approve contracts, create or amend agreements with other businesses, establish an “in-house advisory council” to oversee the program, and offer financial assistance for businesses that ship jobs.
The government is also encouraging businesses to make contingency plans, or contingency plans for, their future operations.
“There are a lot of options out there,” Duttson said.
The new CFIS program is supposed the give businesses incentives to do things that can increase productivity.
“If you have an existing factory that needs to move production overseas and you have that plant on the shelf that’s being put to good use, it makes sense for that factory to be moving production to the United States, and it makes the United State a destination for jobs,” Duttonson said, adding that the CFIS can also be used to help companies with infrastructure improvements.
“We can help companies get more workers to their destination faster, and if that’s the case, they can also use this to ship a lot more jobs to the U.S.,” Dutton added.
The change was first announced by Minister of Transport James Moore on July 23, 2018, and was rolled out in October of that year.
He announced that the incentive program would go into effect on November 1, 2018.
It will be in place until 2021, and the CFIP can extend the program up to three years, according to a notice posted on the government’s website.
The deadline for applications has been extended, but businesses must submit their applications online.
Businesses are also required to post a $1,000 application fee, which the CFI says will help them to compete with other companies for new jobs.
“Companies who apply for this incentive will have the opportunity to be eligible for an additional $1 million in additional grants that can be awarded to them, depending on the circumstances of the job,” reads the notice.
The notice also states that the new incentive program will apply to companies that are Canadian-owned and located in Canada, with no foreign ownership.
“Canada is home to some of the most competitive, innovative, and skilled businesses in the world.
Canada is home of a thriving and thriving trade, with many of the world’s leading companies,” reads a statement on the CFIR website.
“Canadian companies are well-positioned to benefit from the new federal and provincial incentives to attract, retain, and invest in foreign talent.”