Local Business
Red Deer Chamber leads way on combating proposed federal tax changes
In response to the recent tax changes proposed by Finance Canada, the Red Deer & District Chamber of Commerce brought forward a resolution at be the Canadian Chamber of Commerce Annual Meeting in Fredericton, NB asking the government to establish a Royal Commission to review and revise Canada’s taxing statutes as a way to ensure a fair, simple, and modern tax system for all Canadians.
From September 23 to 25, delegates from chambers across Canada met to debate and vote on the advocacy agenda of the largest and most influential business association in Canada, the Canadian Chamber of Commerce.
The decision to call for a Royal Commission is a strong recommendation that aims to remove the political and bureaucratic influences in relation to Canada’s tax code that we are seeing in the recent proposals put forward by Finance Minister Morneau. While a Royal Commission is a long and comprehensive process, the chamber network feels that it is the best mechanism to ensure that all taxpayers have the opportunity to provide input into a tax code that reflects today’s realities.
“We felt strongly that only a Royal Commission can achieve the goals of developing a new federal taxation system guided by the principles of simplification and modernization,” said Robin Bobocel, CEO of the Red Deer and District Chamber of Commerce. “We are pleased that chambers of commerce from coast to coast to coast will be united in a call for the federal government to undertake the first real review of Canada’s tax code since the Carter Commission in 1962, and I couldn’t be prouder that it was the Red Deer and District Chamber of Commerce which provided this leadership.”
The recommendations which formed the basis of the policy resolution call for the federal government to:
- Extend the current consultation period beyond October 2, 2017 so as to ensure broad participation by Canada’s SME community.
- Establish a royal commission to undertake a comprehensive review of taxing statutes guided by the principles of simplification and modernization, as well as having the goal of reducing compliance costs to make Canada a competitive tax regime once again.
- Establish a standing committee, with active representation from the SME community to support the commission by continuously monitor changes and publicly report progress at least annually.
The Red Deer & District Chamber of Commerce is part of the national chamber network that consists of over 200,000 businesses. Over the past several weeks, this network has been activated to represent the interests of Canada’s business community in calling for an extended and more comprehensive consultation period on the current changes to the tax system related to CCPCs. This Red Deer & District Chamber of Commerce policy now forms the basis for the Canadian Chamber of Commerce advocacy efforts related to reforming Canada’s tax system. For more information or to comment, you can reach the Chamber by emailing [email protected].
From Community Futures Central Alberta
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