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 business tax rate reduction and the revised reforms are encouraging, but just the first step,” said Michael Macnamara, Chair of the Board, Greater Sudbury Chamber of Commerce. “We look forward to further opportunities to raise the concerns of small business with the federal government and ensure that we have a tax code that respects the challenges of Greater Sudbury’s entrepreneurs.”
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 Greater Sudbury Chamber of Commerce also noted the Minister’s call for further input from Greater Sudbury’s business community, and intends to continue providing a voice to ensure the tax system is simpler and less of a burden on business competitiveness in Northern Ontario.
“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 Greater Sudbury Chamber of Commerce 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,” said Perrin Beatty, President and CEO, Canadian Chamber of Commerce. “We must ensure that Canada, and with it Greater Sudbury, 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 Greater Sudbury Chamber of Commerce is a non-profit organization that represents 850 businesses and through the participation of its member volunteers on committees and task forces, it works ‘as the Voice of Business’ to influence federal, provincial and local legislation affecting business.
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.