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Rescind Small Business Tax Increases from 2018 Ontario Budget: Ontario Chamber of Commerce Business community warns new taxes will weaken already low business confidence

(Belleville, April 5, 2018) – The Belleville Chamber of Commerce, along with Ontario Chamber of Commerce (OCC) and the province’s Chamber Network in 135 communities is calling on the Ontario Government to remove two proposed tax reforms that will cost employers nearly half a billion dollars in new taxes from the 2018 budget.

Last week, the Ontario Government announced in the 2018 budget that they will harmonize with the federal government’s eligibility criteria leaving over 20,000 employers paying $100 million more in Employment Health Tax over the next three years. In addition, businesses will be phased out of the small business deduction if they earn between $50,000 and $150,000 of passive investment income in the taxation year, resulting in an additional $350 million in new taxes for Ontario businesses over the next three years.

At a time when industry in Ontario is feeling the impact of the rising minimum wage, significant labour reforms, increasing global and US competition, and rising input costs, we need Government to reduce the cumulative burden not add to it,” said Chamber CEO Jill Raycroft.

 

For more information please contact:

Jill Raycroft, CEO
Belleville Chamber of Commerce
E: jill@bellevillechamber.ca
T: (613) 962-4597

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Group Benefit Plan for Chamber Members
Cloud Bookkeeping Services - 10% OFF
Papa Johns Pizza Member Offer- 25% off
Allen Insurance - Exclusive Chamber Member Rates
Esso Chamber
Quinte Siding - 10% OFF
NRG Alternatives - 10% Discount
Grand & Toy - Cost-saving solutions
RBC - Save on Bank charges
Jesan Property Maintenance - SAVE 10%
St. John Ambulance - Discount on training
Friendly Fires - 10% OFF
OSM Website design - SAVE on services.
Be Prepared First Aid Traning - 15% off
Parsons Cleaners Member offer - 10% OFF
Body Systems Nutrition - 15% OFF purchases.
Superior Propane - Save 5% on fixed price propane
Stirling Festival Theatre - Group Discounts available to members
Patenaude Martial Arts - 20% OFF Registration
Constant Contact Chamber Member Offer
Shoppers Drug Mart - Save 20% on Thursdays
Dinkles & Paulos Restaurants - 10% OFF
Belleville & District Shrine Club
Grand & Toy - Members can save up to 85%
Belleville & District Shrine Club
Superior Propane - Save 5% on fixed price propane
Esso Chamber
Stirling Festival Theatre - Group Discounts available to members
Constant Contact Chamber Member Offer
Body Systems Nutrition - 15% OFF purchases.
Allen Insurance - Exclusive Chamber Member Rates
Papa Johns Pizza Member Offer- 25% off
Jesan Property Maintenance - SAVE 10%
Group Benefit Plan for Chamber Members
St. John Ambulance - Discount on training
Shoppers Drug Mart - Save 20% on Thursdays
Patenaude Martial Arts - 20% OFF Registration
Grand & Toy - Members can save up to 85%
OSM Website design - SAVE on services.
RBC - Save on Bank charges
Quinte Siding - 10% OFF
NRG Alternatives - 10% Discount
Parsons Cleaners Member offer - 10% OFF
Grand & Toy - Cost-saving solutions
Cloud Bookkeeping Services - 10% OFF
Friendly Fires - 10% OFF
Be Prepared First Aid Traning - 15% off
Dinkles & Paulos Restaurants - 10% OFF