RCC’s Federal Budget submission 2022March 2, 2022
In preparation of the 2022 Federal Budget, Retail Council of Canada (RCC) presented our pre-budget submission on behalf of retailers to the finance minister.
Although retailers have weathered numerous supply chain disruptions over the last year, they have gone to great lengths to ensure that store shelves remained stocked, and consumers didn’t lose access to the items they need every day. And while we are seeing signs of economic recovery in our sector, things remain fragile, with inflation rates the highest they’ve been in over 30 years, the recurring threat of new COVID variants, leading to changes in work and spending patterns, and the recent instability arising from blockades and occupations of border points and urban centres.
Despite all of this, retailers across Canada are continually shifting their operations to meet ever-changing consumer demands, moving forward with commitments made to lower their carbon footprint, all while keeping prices as competitive as possible.
As The Voice of Retail™, Retail Council of Canada recommends the following initiatives be prioritized and adopted in Budget 2022:
- Eliminate Tariffs on Essential Items
- Reduce Credit Card “Swipe Fees”
- Reduce Import Costs for Furniture
- Strengthen Canada Post’s Package Delivery System
- Help Retailers Lower their Carbon Footprint
- Introduce a New Visitor Rebate Program