More clarity, but concerns remain: New income sprinkling measures should not be rushed, says Canadian Chamber

Ottawa, December 13, 2017— The new measures on income sprinkling announced today by Finance Minister Bill Morneau show that government has listened to many of the issues raised by the business community, but concerns remain, says the Canadian Chamber of Commerce. “The government has gone a long way in clarifying how it’s new income sprinkling…

Bill 148: Changes Coming January 1

Bill 148 and Offsets for Small Business On Tuesday, November 14, the Government of Ontario released its 2017 Fall Economic Statement. As part of this statement, the government announced $500 million in new initiatives for small businesses. These initiatives include: – cutting the small business Corporate Income Tax (CIT) rate from 4.5% to 3.5%, creating savings of…

Bill 148 Update And Handbook

Bill 148 Update and Handbook On Wednesday, October 18, Bill 148, the Fair Workplaces, Better Jobs Act, passed second reading in the Ontario legislature. The legislation has gone back to committee for more amendments and to consider sectoral exemptions to labour and employment standards. At the same time, we have prepared a handbook for employers to help them…

Tax Wins For Small Business!

Tax Wins for Small Business! Last week, Minister of Finance Bill Morneau announced a series of revisions to the federal government’s proposed corporate tax changes as well as a reduction to the small business tax rate. This announcement is a significant win for the business community and is a result of the hard work of business owners…

Media Release: Greater Sudbury Chamber of Commerce and Canadian Chamber of Commerce welcome revised tax reforms and lower small business tax rate but remain concerned

Greater Sudbury, October 17, 2017 — The Greater Sudbury 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. “The small…

Media Release: Comprehensive, Pro-Growth Policies Needed in 2018 Provincial Election

Ontario’s Chamber Network provides recommendations to Drive Economic Development to the Forefront of Political Discourse Greater Sudbury, Wednesday, October 11, 2017 – Today, the Greater Sudbury Chamber of Commerce, in partnership with the Ontario Chamber of Commerce (OCC), released Vote Prosperity, a platform and campaign outlining the Ontario business community’s priorities for the upcoming 2018…

Media Release: Proposed tax changes ignore realities of business ownership

Greater Sudbury Chamber of Commerce objects to federal government proposals to reform tax code Greater Sudbury, October 3, 2017: The Greater Sudbury Chamber of Commerce has sent a submission to Minister of Finance Bill Morneau in response to the Canadian government’s discussion paper proposing radical changes to corporate taxation. On behalf of Greater Sudbury’s business…

Media Release: Extending Minimum Wage Implementation Will Slash Job Loss Risk by 74%: Economic Analysis

Final analysis of Bill 148 reveals $12 billion economic problem that the Ontario Government must resolve Greater Sudbury, Wednesday, September 27, 2017 – Today, the Greater Sudbury Chamber of Commerce, in partnership with the Ontario Chamber of Commerce (OCC) and the Keep Ontario Working (KOW) Coalition released two major reports that broadly capture the challenges…