The Fort McMurray Chamber and Canadian Chamber welcome revised tax reforms and lower small business tax rate but remain concerned
Fort McMurray, AB, October 16, 2017 — The Fort McMurray 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.
“We are thankful to the government for listening to the concerns of small business owners, entrepreneurs and Chambers for the new measures that were proposed today.
Although we still have significant reservations on some of the proposed changes, we are grateful that opinions of small businesses were taken into consideration in this new version of these proposed tax changes. We will continue to work with The Canadian and Alberta Chambers to ensure that our members have their voices heard in the future development of these new proposed tax measured.” said Alexis Foster, Executive Director of the Fort McMurray Chamber of Commerce.
As Canadians celebrate Small Business Week, Chamber representatives congratulate the thousands of businesspeople who joined the mobilization and made their voices heard on this important issue affecting Canadian workers and employers.
The Fort McMurray 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 Fort McMurray 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 Fort McMurray, 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 Fort McMurray Chamber of Commerce represents almost 600 business in the Wood Buffalo Region.
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
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Fort McMurray Chamber of Commerce
Guillaum W. Dubreuil
Director, Public Affairs and Media Relations
Canadian Chamber of Commerce