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Kelowna Chamber of Commerce says federal budget missed opportunities

One area that was missed was tax competitveness
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The Kelowna Chamber of Commerce says it香蕉视频直播檚 pleased with a few aspects of the recent federal budget.

But, like many other chambers across the country, it sees it as a missed opportunity to move forward on what the chamber calls 香蕉视频直播渂old香蕉视频直播 changes to the tax code.

香蕉视频直播淭he move by the federal government to reduce the regulatory burden to the free flow of wine and spirits across provincial borders is extremely positive,香蕉视频直播 said Carmen Sparg, president of the Kelowna chamber.

香蕉视频直播淏ut while it is a good step forward, we still need greater cooperation from the provinces to remove inter-provincial trade barriers. While the budget delivers on some of our advocacy priorities, particularly in the areas of skills and infrastructure, it misses an opportunity to provide concrete measures to address the tax and regulatory burden on businesses.香蕉视频直播

READ MORE: Canada slips in ranks while Finland tops global happiness report

The Kelowna chamber raised the issue of inter-provincial trade barriers at last year香蕉视频直播檚 Canadian Chamber of Commerce AGM and said it was pleased federal Finance Minister Bill Morneau recognized that call, both during his fall fiscal update and again in tabling the 2019 budget.

Morneau also announced a $2.2 billion top up of infrastructure funding which will help local governments address major infrastructure deficits, which could allow Kelowna香蕉视频直播檚 municipal government to provide a bit of a break on future property tax hikes for . They are likely to see an average four per cent hike in their local property tax bill this year, said the chamber.

The election-year budget addressed financial security, skills training, younger home buyers (they can tap into $10,000 more from their RRSPs and use a new first-time buyers香蕉视频直播 program through CMHC香蕉视频直播 basically a federal loan. But there were no changes to the stress tests introduced by the government to make sure Canadian can afford to the mortgages they take out.

香蕉视频直播(The) Pharmacare (measure in the budget) is just a plan to be a plan,香蕉视频直播 said the chamber in a news release. 香蕉视频直播淭he highest budget item is spending on Indigenous services ($8.1 billion over five years).香蕉视频直播

The chamber said it feels the the budget is skews directly toward attracting younger voters.





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