The Cement Association of Canada releases official statement in response to the 2025 Federal Budget

The Cement Association of Canada welcomes the measures announced in the 2025 Federal Budget to advance a competitive, resilient and clean Canadian economy.

Adam Auer, President and CEO of the Cement Association of Canada, commented “Budget 2025 includes important measures that can help strengthen Canada’s industrial competitiveness while supporting the country’s housing and infrastructure ambitions. Cement and concrete are essential to building the homes, transportation networks, and resilient communities that Canadians depend on every day. We look forward to working with the Government of Canada to ensure that these commitments are implemented in ways that unlock investment, enhance innovation, and secure our sector’s competitiveness in a changing global economy.”

The CAC is pleased to see reaffirmation of the suite of Investment Tax Credits, including the government’s intention to make legislative amendments to the Clean Technology Investment Tax Credit to expand eligibility to include systems that produce electricity and heat from waste biomass. We are also pleased with the extension of the Carbon Capture Utilization and Storage Investment Tax Credit, which is a vital tool in enabling deep emissions reductions across hard-to-abate sectors such as cement. Further amendments to the Clean Technology Investment Tax Credit to expand eligibility to include alternative fuels will be required to meaningfully unlock investment in the Canada’s cement industry.

The Cement Association of Canada supports industrial carbon pricing and its role in building a competitive economy through secured investment into Canada. We are encouraged by the Government’s commitment to engage with provincial and territorial governments on harmonizing and linking carbon credit markets. This is an important step toward strengthening investor confidence and ensuring Canada remains an attractive destination for low-carbon industrial investment. Strengthening the carbon credit markets in Canada will be essential to realizing long-term economic growth, and we look forward to participating in the pan-Canadian discussion.

To further support industrial competitiveness, we welcome previously announced measures that allow businesses to write off the cost of their investments more quickly, including the reinstatement of the Accelerated Investment Incentive, which provides an enhanced first-year write-off for most capital assets.