CPA Canada Urges Stronger Sustainability and AI Policies in Pre-Budget Recommendations

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CPA Canada Calls for Stronger Sustainable Disclosure and AI Policies

In its pre-budget recommendations, CPA Canada has urged the federal government to prioritise sustainability disclosure standards, responsible AI practices, and measures to boost productivity.

Push for Sustainability Standards

The Canadian Sustainability Disclosure Standards (CSDSs), introduced in December 2024, align with the International Sustainability Standards Board (ISSB). While their introduction marks progress, CPA Canada stressed the importance of nationwide adoption. The organisation called on the federal government “to lead a coordinated national effort to adopt the CSDSs as a consistent baseline across the country.” It also highlighted the need for education and training focused on climate-related reporting to help organisations adapt to a more transparent and sustainable economy.

Concerns Over Productivity

Despite signs of economic recovery, CPA Canada noted that Canada’s productivity still lags behind other advanced economies, with limited improvements in living standards. Recent trade disputes with the US have intensified challenges, disrupting supply chains and driving up costs, creating risks for economic growth. CPA Canada’s chief economist, David-Alexandre Brassard, underscored the issue: “The challenge we have is that when you want to invest in Canada, you are competing with the US.”

Recommendations for Economic Growth

To strengthen productivity and resilience, CPA Canada recommended: - Removing barriers to interprovincial trade and labour mobility - Promoting collaboration between provincial and federal governments - Establishing standardised laws and regulations to build a more integrated economy

While acknowledging federal progress on regulatory issues, CPA Canada noted that Canada’s tax burden remains higher than that of its southern neighbor, limiting competitiveness.