The South Surrey & White Rock Chamber of Commerce and Canadian Chamber welcome revised tax reforms and lower small business tax rate but remain concerned.
White Rock, BC, October 16, 2017 — The SSWR Chamber of Commerce and the Canadian Chamber of Commerce welcome the government’s plans to revise its proposed tax reforms and to reduce the small business tax rate as a result of the comments and concerns expressed through the national #ProtectGrowth campaign and in consultations.
“Government makes a number of positive changes to the tax form,” said Cliff Annable, Executive Director.
As Canadians celebrate Small Business Week, Chamber representatives congratulate the thousands of business people who joined the mobilization and made their voices heard on this important issue affecting Canadian workers and employers.
The SSWR Chamber also noted the Minister’s call for further input from Canadian businesses, and intends to continue providing a voice to ensure the tax system is simpler and less of a burden on Canada’s competitiveness.
“It is always more productive when government and business work together. We can only hope the government will listen as we provide advice on those areas where more remains to be done, and that they will propose concrete data to back up their claims. The Canadian Chamber will be working with the SSWR Chamber and other chambers across the country for suggestions on reforms that can improve the competitiveness of Canada’s tax system. Lowering the small business tax rate is one such measure, but there is still much room for improvement,” Mr. Beatty said. “We must ensure that Canada, and with it South Surrey and White Rock, remain attractive places to do business. Although there is a great deal of work to be done, today’s announcement is a positive first step, but we expect more and we will be vigilant on the next steps,” he concluded.
The South Surrey & White Rock Chamber of Commerce is a community-minded business organization dedicated to promoting business and economic growth on the peninsula.
The Canadian Chamber of Commerce is the vital connection between business and the federal government. It helps shape public policy and decision-making to the benefit of businesses, communities and families across Canada with a network of over 450 chambers of commerce and boards of trade, representing 200,000 businesses of all sizes in all sectors of the economy and in all regions. News and information are available at Chamber.ca or follow us on Twitter @CdnChamberofCom.
South Surrey & White Rock Chamber of Commerce
604- 536-6844 Ext. 205
Canadian Chamber of Commerce
We are pleased to be able to provide you with our initial reaction to today’s federal budget via our just-issued press release. Our staff in Ottawa have been in lockups today to determine what this means for business and for Canadian communities.
This first budget for Prime Minister Justin Trudeau’s government sets a road map for Canada.
View our press release. Please feel free to share with your local media.
A Canada that Wins
The National Election Platform of the
Canadian Chamber of Commerce
Big Win for Canadian Exporters
The Canadian Chamber of Commerce welcomes today’s (March 18, 2015) announcement by Prime Minister Stephen Harper that Canada will establish a new export market development program and expand the Trade Commissioner Service.
“This is a big deal. By helping entrepreneurs manage the costs of international expansion and by strengthening our trade offices in priority countries, we’ll be making a real difference on the ground,” says Canadian Chamber President and CEO Perrin Beatty.
“With consumer spending showing signs of weakness, Canada will need a vibrant export sector to pick up the slack. That’s why for several years now we’ve been asking the government to take bold action like this to help companies of all sizes compete in the markets of the future.”
The export market development program will receive $50 million over five years to provide non-repayable matching contributions to companies seeking to export to emerging markets for the first time. The program aims to reach 500-1000 exporters per year and will cover market research and participation in trade fairs and business development trips.
The Trade Commissioner Service, which maintains a network of trade promotion officers around the world, will receive $42 million over five years and an additional $9.25 million per year afterwards. This funding will be used to increase their footprint abroad and increase promotion and outreach efforts in Canada.
Last year, a Canadian Chamber report called for Ottawa to maximize the value of free trade agreements by enhancing trade promotion and economic diplomacy, including new tools for exporters and additional resources for the Trade Commissioner Service. A subsequent report on discussions with fast-growing entrepreneurs across Canada confirmed the need to raise awareness of government trade promotion services.
The Canadian Chamber has also partnered with the Trade Commissioner Service to create a contact point for SMEs and local chambers of commerce to learn more about exporting and how to access the resources they need to go global.