On Monday, January 15, 2018, the Ontario Chamber of Commerce (OCC) provided the Ontario government with 11 recommendations for the upcoming provincial budget that will help businesses manage costs and secure the province’s competitive advantage. The submission, presented to the Standing Committee on Finance and Economic Affairs, calls on the government to implement taxation reforms…
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 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…
Letter to the Editor re: Sudbury city council and chamber remind me of growing up (Northern Ontario Business, November 9, 2017) Sometimes when an organization is very active and advocates in many different areas, the process of this advocacy and how positions are agreed upon, can be forgotten or misrepresented over time. It is our…
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! 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…
