Liberals New Tax Rate

High River Chamber of Commerce President Steve Muth says it looks like business leaders here and around the country have had enough of the liberals new tax plans and are pushing back hard, forcing change.

The Federal Government will make good on a campaign promise and lower the small business tax rate from 11 to nine per cent by 2019.

High River Chamber of Commerce President Steven Muth says unfortunately the Trudeau Liberals had to be dragged into it kicking and screaming.

“Governments always do just enough to get themselves re-elected, and I feel that in this case this is what has happened. The business community has stood up and said “We’ve been pushed around enough the past number of years. We’re going to speak with our votes in 2019″ and now the current administration is in back pedal mode.”

Muth says it’s also encouraging the Feds are making noises about modifying their tax changes to small corporations, but he says until the legislation is actually tabled it’s just guesswork.

 

Some facts about the Economy in High River

The High River Chamber of Commerce is giving the Vital Signs survey a thumbs up for the information they collected about small business in the community.

The Chamber kicked off small business week discussing the survey results with an evening meeting October 18th.

President Steven Muth says the survey has some great information in it.

“It does give us some very good building blocks,” said Muth. “To help our business owners and our residents learn how we can improve the economy of High River. Business owners can learn from this to say that there are some opinions of consumers whether they agree with it or not are still the opinions of the people who want to give the money so they have to adjust to those opinions.”

Muth added the survey shows consumers don’t understand what is in town so the Chamber and business owners have to do a better job of educating the public as to what is here.

“I believe there is more in High River than what a lot of consumers think there is. That is why there is a bit of leakage. So overall I this is a very good survey we can build from.”

Judy McMillan-Evans with Highwood Community Futures says it is exciting to have all these facts all in one place.

“Having worked in Community Economic Development for the last 30 years, this is really exciting,” said McMillan-Evans. “Because so often we make decisions by guess and by golly and these are facts. The community put the facts on the table and I think it is really, really exciting and it will help everybody make decisions about the future.”

She says it is really interesting to see the realestate stats and the employment stats and see what is happening.

“Because there is so much information compacted, you can really think strategically what’s happening, what could happen and what can we do to make things happen better.

The results of the survey also helped Bow Valley College address an educational need.

Samantha Schellenberg, business development lead, said the survey helped them design a program.

“It helped us identify a number of areas where the community wanted to see additional programming,” said Schellenberg. “It also provided a bit of concrete data and statistics to bring back to internal departments so we could negotiate ways to offer additional post secondary education and career related training that actually was in demand by the community and needed by the community.”

In the fall of 2018 they will be offering a Business Administration Program that starts off as a certificate program that can be expanded to a diploma program and then to a degree program.

A PDF of the Vital Focus can be downloaded from the Town of High River’s website (link below).

http://www.highriver.ca/2017-high-river-vital-focus/

 

Tax Reform

Tax Reform

Canadian Chamber of Commerce Message

The overarching goal of our revised communications strategy is to promote, preserve and protect our reputation as the most interconnected, valued and influential business network in Canada.

Demonstrate our ability to empower and mobilize our network to influence the government to make significant changes to the proposed tax legislation

  • Be seen as a constructive voice of business
  • Be able to claim changes as a win
  • Remain a valuable, but respected, stakeholder to government
  • Pivot focus to overall tax competitiveness

POSITIVE – Government makes a number of positive changes to the tax reform

Original Asks

Government needs to:

  • Rethink its proposed tax changes to ensure that #ProtectGrowth of small businesses across Canada, and continue to encourage entrepreneurship.
  • Launch meaningful consultations with the business community to review tax policy – without unfairly targeting independent businesses.
  • Consider a comprehensive review of the Canadian tax system with a view toward fairness and simplification for all taxpayers, an increasing competitiveness for all businesses.

General Messaging

  • We applaud the government for listening to the concerns of small business owners, entrepreneurs and even caucus members. The new measures proposed today, while not perfect, are more balanced. We will be vigilant on their details and application, however.
  • The government’s fulfillment of its electoral promise on lowering the small business tax rate will allow businesses to free up more capital to reinvest and create jobs. It a step steering us closer to a more competitive tax system, if applied properly.
  • Although we still have significant reservations on some of the proposed changes, the Canadian Chamber’s efforts were successful and the Minister of Finance has made a noteworthy effort to take the opinion of small businesses into consideration in this new version of his proposed tax changes.
  • The Canadian Chamber of Commerce and its local members will continue to give input into the application of the measures that have been announced, and will provide valuable insight and feedback into those areas that are still not fully defined.
  • We are still open to working with the government to ensure that these new proposed measures are more balanced and will accomplish their intended goal of providing a fairer tax system to Canadians, without hurting small businesses.
  • This has to be the first step in a broader discussion on tax competitiveness, and lead to a discussion on how we can ensure that Canada has a system that is both fair and attractive to foreign and domestic investors.
  • At a time when our biggest trading partner and neighbour, the United States, is introducing a competitive tax package, we need to give our small businesses the tools they need to grow.

Wine & Cheese Reception

The participants who completed the last survey, were asked for the community’s voice on business and the economy.

The survey results will be presented to the public  at the following venue:

October 18, 2017 During Small Business week

Chamber of Commerce Wine & Cheese  Reception

Place Ramada Inn – 5:00 PM – 6:00 PM Reception

Presentation at 6:30 PM followed by Q & A .

Please RSVP to the Chamber by email  hrdccxtra@gmail.com

All are welcomed to attend.

 

High River’s Vital Signs Survey Results

The Vital Signs survey was an opportunity for the community to have a voice in all the things that are contributing to life in High River. It also allowed for the collection of feedback on areas that could require more attention.

The participants who completed the last survey, were asked for the community’s voice on business and the economy.

The survey results will be presented to the public on these dates at the following venues:

October 11, 2017 6:00 PM at Carlson’s

October 18, 2017 During Small Business week

Chamber of Commerce Wine & Cheese  Reception

Place Ramada Inn – 5:00 PM – 6:00 PM Reception

Presentation at 6:30 PM followed by Q & A .

Please RSVP to the Chamber by email  hrdccxtra@gmail.com

All are welcomed to attend.