Kelowna Chamber of Commerce president Tom Dyas. — Image credit: Kelowna Chamber of Commerce

‘Red flag’ raised over federal tax reform

Kelowna Chamber of Commerce says proposed changes would hurt small business in Canada.

The Kelowna Chamber of Commerce is “raising a red flag” following the release of a federal government consultation paper that proposes significant tax policy changes.

“We believe in the principle of having a fair tax system, but are concerned some of the proposed changes could have a negative impact on entrepreneurs and family owned small businesses,” said Tom Dyas, president of the Kelowna chamber . “We are reaching out to our local MPs to raise this issue with them.”

Federal Finance Minister Bill Morneau released the consultation paper that outlines the proposed changes and initiated a 75-day consultation process during which it will accept submissions on these proposals.

The chamber, along with the Canadian Chamber of Commerce and other chambers across the country, are expressing concern over the changes called for in the consultation paper, several of which the chambers feel could have a significant negative impact on small businesses.

“We hope the federal government will listen to the concerns being expressed and re-examine the proposed changes,” said Dyas, adding while the changes may “sell well” to the general public because they are being framed as going after “rich” people, small business owners are the backbone of the Canadian economy and the changes could punish them and become a disincentive for others to take risks in running their own businesses.

He said many of those small business owners have risked a lot to start up and run their businesses.

The Kelowna chamber has expressed its concerns to Kelowna-Lake Country MP Stephen Fuhr, and says it is pleased he is listening to those concerns. Further discussion with the local MP is expected as the chamber looks to raise the issues over the proposed tax reforms.

In a news release issued earlier this week, the chamber said it understands and supports the federal government’s desire to ensure tax fairness for Canada’s middle class, but wants to ensure the impact of any proposed changes are fully understood prior to implementation so as to avoid unintended consequences that could negatively impact the economy.

“The current proposed changes do not result in this desired tax fairness,” said the chamber.

Just Posted

Nomination date set for Kelowna- Lake Country Conservatives

March 2 is the deadline for anyone who wants to run for the federal nomination

Rutland pride spills over

Reaction to a story this weekend was clear and worth a second read

Benches made from wood that posed a fire risk in Lake Country

The parks team is making benches from the trees removed from the Jack Seaton Park

Family Day move a welcome change: poll

Okanagan readers voted that the new date for Family Day in B.C. is a positive change

Huge crack and bang heard as Wood Lake fractures

‘It was roaring across the lake,’ Lake Country woman recounts sound of crack in Wood Lake ice

Trudeau’s principal secretary, Gerald Butts, resigns amid SNC-Lavalin furor

Butts categorically denies the accusation that he or anyone else in the PMO improperly pressured former attorney general Jody Wilson-Raybould

B.C. father and sons launch new trunk-sharing system, ‘Trunkit’

Smiths say peer-to-peer shipping service offers an affordable, green alternative

Lost a ring? This B.C. man will find it for you

Chris Turner founded The Ring Finders, an international directory of metal detector hobbyists

Salmon Arm’s Laura Hall on bronze-winning skating squad

Hall’s team placed third in long track team pursuit at the Canada Winter Games

Poverty coalition has high hopes for B.C. poverty reduction strategy

Funding allocation expected to be released with 2019 budget

‘How did we get here?’: B.C. mom of transplant recipient worries about measles outbreaks

Addison, 7, cannot get a live vaccine because she has a heart transplant

Review: Joie de Vivre a celebration of homegrown talent

The Okanagan Symphony Orchestra concert featured Ernst Schneider

Bashful Balladeers bring voices to Vernon

Despite hiding behind masks, talent shines with this group

NDP Leader Jagmeet Singh calls for public inquiry over SNC-Lavalin questions

Vancouver member of Parliament Jody Wilson-Raybould resigned from cabinet last week

Most Read