Revised tax reforms & lower small business tax rate welcomed with caveat

Revised tax reforms
Revised tax reforms & lower small business tax rate welcomed with caveat
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Kristen Curry

Kristen Curry

Kristen Curry is the Communications Coordinator at the Oakville Chamber of Commerce, and a graduate of Wilfrid Laurier University where she received a Bachelor of Arts (B.A.) in Communication and Media Studies with Business Management Option.

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The Oakville Chamber of Commerce and Canadian Chamber of Commerce welcome the government’s plans to revise its revised 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.

Tax Fairness? An Oakville business perspective by Faye Lyons

“Oakville Chamber members are extremely concerned with the proposed changes by the federal government.  On behalf of our members the Chamber met with our local MPs Pam Damoff, MP Oakville North Burlington and John Oliver, MP Oakville.  We trust that our voices have been heard and that our local representatives will continue to advocate on behalf of their community on these critical changes that will impact Oakville businesses and the economy” said John Sawyer, President, Oakville Chamber of Commerce.

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.

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The Oakville Chamber also noted the Minister’s call for further input from Canadian businesses. It intends to continue providing a voice to ensure the revised tax reforms along with the small business tax rate changes are 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 Oakville 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 Oakville, 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.

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