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April 7 2022

Budget 2022 responds to current issues, lacks long term outlook

Canadian parliament

Calgary, April 7, 2022 – The budget tabled by the federal government prioritizes economic recovery, energy transformation and climate change, and affordability for Canadians. Budget 2022 includes key investments in supply chains, carbon capture and storage, critical minerals, immigration, and small businesses. However, it falls short of outlining a clear vision for Canada’s future economy as the destination of choice for talent, innovation, and investment.

“Investment tax credits for carbon capture and storage will help to support the energy sector’s ability to achieve their net zero goals and ties back to the recently announced Emissions Reduction Plan. Commitments to strengthening supply chains will address some of the pressing challenges affecting all sectors. A change to small business tax rates will support the growth of small business in Canada,” says Deborah Yedlin, President and CEO of the Calgary Chamber of Commerce. “Lacking is a cohesive plan and game-changing investment to define and direct Canada’s place in our global economic future.”

Budget 2022 is a step in the direction, and the following investments and initiatives will advance our economic recovery:

Not all Canadians, or Canadian businesses, are recovering from the pandemic at the same rate, and are discouraged by the lack of attention to the following priorities:

The Calgary Chamber will continue working closely with the federal government to ensure the path to Alberta’s economic recovery is inclusive and aligned with the challenges and opportunities faced by the business community.

The Calgary Chamber looks forward to hosting the Honorable Randy Boissonnault, Associate Minister of Finance and Minister of Tourism, for an in-person address to the business community on April 11, focused on the implications of Budget 2022.

For media inquiries, please contact Arianne Brady, Communications Manager, at


The Calgary Chamber is an independent non-profit, non-partisan business organization. For 131 years the Chamber has worked to be the convenor and catalyst for a vibrant, inclusive, and prosperous business community, for the benefit of all Calgarians.