Local Chamber has Mixed Feelings About Federal Budget
Sechelt & District Chamber of Commerce was apart of the Canadian Chamber 2016 Federal Budget conference call a couple of days ago.
Overall they were satisfied with the some decisions. They’re excited the feds will spend
$2 billion to support clean technology in fisheries, agriculture, energy, among others.
And they were happy $50 million will go towards Destination Canada, which will help increase Canadian tourism.
However, they had concerns with the government’s decision not to reduce small business tax rates. It is currently sitting at 10.5%. That decision will lead to small businesses across Canada paying more than $1 billion more than initially expected.
Colleen Clark, Sechelt Chamber Executive director says it’s a concern. Approximately 170 of their 200 members are small businesses.
And another worry was the government’s $29.4 billion dollar deficit.