Canadian Government Commits to Passing Prompt Payment Legislation

On November 21, 2018, Canada’s Minister of Finance, Bill Morneau, presented the 2018 Financial Economic Statement in the House of Commons with a mandate to invest in middle-class jobs. Morneau’s announcement included a commitment to passing federal prompt payment legislation that will help to resolve the systemic issues of delayed payments in Canada’s construction industry.

“The government has shown that it is hearing small business owners and workers in the construction sector loud and clear.”
– Sandra Skivsky, Chair of the National Trade Contractors Coalition of Canada (NTCCC)

The federal government has partnered with the leading consultants who have successfully implemented Ontario’s Bill 142 to create a legislation that has generated consensus among all trades in the construction industry. Once implemented, this legislation will secure payments to all contractors and sub-contractors who work on federal projects on federal land. In turn, Canada’s construction economy will strengthen and the Canadian middle-class will have a fair opportunity to grow.

The CISC, alongside NTCCC, applauds the federal government for acknowledging the need to change the status quo. The Government of Canada’s commitment to prompt payment initiatives will ensure a stronger middle-class and a more competitive construction economy. Congratulations to everyone involved in taking another step forward towards ensuring all Canadian contractors can finally get paid on time!

Read NTCCC Press Release

 

More info

 

Read 2018 FES (pg. 44)
2018-11-30T17:07:00+00:00 November 24th, 2018|