Surrey Board of Trade and Canadian Chamber Welcome Revised Tax Reforms and Lower Small Business Tax Rate but Remain Concerned

Surrey, BC – October 16, 2017 — The Surrey Board of Trade 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 by Surrey Board of Trade members and through the national #ProtectGrowth campaign and in consultations.

“The Surrey Board of Trade will watch for more announcements this week and its impact to business in Surrey. Ultimately, there needs to be a comprehensive review of Canada’s whole tax system,” said Anita Huberman, CEO, Surrey Board of Trade.

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 Surrey Board of Trade also noted the Minister’s call for further input from Canadian businesses, and intends to continue providing a voice to ensure the tax system is 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 Surrey Board of Trade 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 Surrey 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.