Federal Budget 2023: Summary and Analysis, CUPE National Research

ANTI-SCAB LEGISLATION The federal budget confirms that the government will be going ahead and amending the Canada Labour Code before the end of 2023 in order to “prohibit the use of replacement workers during a strike or lockout, and improve the process to review activities that must be maintained to ensure the health and safety of the public during a work stoppage.” CUPE Research 1 | Page https:/. [...] The federal government will be introducing legislative amendments to enable the Public Sector Pension Investment Board to manage the assets of the Canada Growth Fund to “deliver on the Growth Fund’s mandate of attracting private capital to invest in Canada’s clean economy”. [...] Using the expertise of the PSP Investments seems to be intended to overcome the failure of the CIB to attract private investments. [...] SOCIAL SERVICES CUPE was hoping to see the acceleration of the development and implementation of the new Canada Disability Benefit included in the 2023 federal budget. [...] Budget 2023 proposed to substantially improve the AMT by increasing the tax rate applied from 15% to 20.5%, increasing the level at which the AMT applies from $40,000 to $173,000, and expanding the types of income that are included in the AMT calculations.