AIAC & ISED Release Latest State of Canada’s Aerospace Industry Report
Aerospace continues to be an important contributor to Canada’s economy despite impact of pandemic to the sector.
Why Canada Needs an Industrial Aerospace Strategy
For over 80 years, Canadian engineering and manufacturing has been a cornerstone of the global aerospace supply chain and the envy of other countries around the world. This was thanks to the innovative and collaborative efforts of industry, a longstanding commitment from government and political determination to ensure Canada remained a leading aerospace nation.
“Canada maintains a distinct advantage as one of the only countries in the world capable of manufacturing an aircraft from nose to tail and certifying it.”
Select Luxury Items Tax Could Leave Canada’s Aerospace Grounded – Urgent Government Action Required
Ottawa, Canada – November 28, 2023 – The Aerospace Industries Association of Canada (AIAC) and the International Association of Machinists and Aerospace Workers (IAMAW) are sounding the alarm on the severe and negative impacts of the Select Luxury Items Tax Act. An updated study conducted by Professor Jacques Roy of HEC Montréal revealed that more than 3,800 jobs are currently at risk across Canada’s aerospace sector, with 19 aircraft orders already cancelled, totaling over 1.5 billion dollars in lost revenue.