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

Climate protesters temporarily shut down Bernard Avenue in Kelowna

Protesters are demanding politicans take action to stop climate change

Climate change hot topic at election forum in Kelowna

Just seven of the 12 candidates in Kelowna’s two ridings were present for the forum

Climate change rally held outside Kelowna City Hall

People protested outside Kelowna City Hall today to demand more action on climate change

Loaded shotgun found in Kelowna alleyway

RCMP seized a loaded 12-gauge shotgun, ammunition, clothing and other items

New faces, slate empowering Rockets ahead of season

Kelowna starts their WHL season Saturday night at Prospera Place

PHOTOS: Young protesters in B.C. and beyond demand climate change action

Many demonstaers were kids and teens who skipped school to take part

Security footage shows grab and go of cash in South Okanagan business break-in

Marla Black is asking for the public’s help in identifying the man who broke into Winemaster

Vehicle taken by gunpoint in South Okanagan carjacking recovered

Penticton RCMP said the criminal investigation remains very active and ongoing

Former B.C. lifeguard gets house arrest for possession of child porn

Cees Vanderniet of Grand Forks will serve six months of house arrest, then two years’ probation

Crown alleges resentment of ex-wife drove Oak Bay father to kill his daughters

Patrick Weir alleged in his closing arguments that Andrew Berry is responsible for the deaths of his daughters

‘I’d do it again,’ says B.C. man who swam naked, drunk in Toronto shark tank

David Weaver, of Nelson, was drunk when he went to Ripley’s Aquarium in Toronto on Oct. 12 2018

How to react to Trudeau’s racist photos? With humility, B.C. prof says

‘We are now treating racism as a crime that you cannot recover from’

Victoria man spots online photo of his totem pole 11 years after it was stolen

Mark Trueman restored the pole himself before it was stolen off of his property in Duncan

VIDEO: Fire destroys Williams Lake strip club targeted by past arson attempts

Diamonds and Dust Entertainment Lounge destroyed by fire, as well as New World Tea and Coffee House

Most Read