Twitter  Facebook Newsletter Sign UpJoin Now 

Chamber News

Back to News
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

Chamber Members SAVE on products and services. Check out these Member 2 Member Offers.

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