Photo: Marta Iwanek

Levy budges the budget

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By Igor Magun

Ryerson President Sheldon Levy proposed recommendations to the House of Commons standing committee on finance for the 2015 pre-budget consultations on Aug 5.

Levy’s three recommendations focused on investments for campus-based incubators, making the economy more supportive of startups, improving the adoption rate of new technologies and reducing entry barriers in the job market for young people.

“All the recommendations were geared to provide more opportunity for young people across Canada,” Levy said.

Levy suggested the government offer tax relief to businesses involved with campus-based projects.

“In the case of the innovations, we should see some support from the government because they have also … been going in the same direction,” Levy said.

The standing committee on finance will have a report on all the recommendations submitted by Canadians ready in time for parliament’s adjournment in December.

“I think some of the recommendations that we made, if implemented right away, would begin to benefit students almost immediately,” Levy said. “But the reality of it is that these recommendations are put in slowly.”

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