BC Chamber Insight Newsletter 

January 2013

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topTable of Contents 

 

Chamber News

 

 

Provincial News

 

  

 



headlinesBC Chamber in the Media

January 21, 2013

[T]ax rules under the Corporations Return Act "detracted from competitiveness. "It was costly and time-consuming red-tape," Winter said.

January 17, 2013
Business groups including the BC Chamber of Commerce pushed for the new watchdog.

January 13, 2013
The BC Chamber of Commerce would ultimately like the property transfer tax to be abolished . . . and  suggests the threshold be boosted from $200,000 to $525,000.

January 11, 2013
Editorial - We owe it to BC's youth to ensure they are well prepared for entering the workforce upon completion of their formal education, and without basic literacy and numeracy skills, there is no way a young person can adequately prepare for the challenges ahead.

January 7, 2013
It's a question that comes up at some point in the life of most small businesses: Should I spring for membership in the local board of trade? [W]hile there is a cost to membership, it's a net benefit for small business owners and operators to belong to a business organization such as a board of trade or, almost identical, a chamber of commerce.

January 7, 2013

Green fog and red ink - Business in Vancouver
Editorial - BC is in danger of perfecting a recipe for turning a resource-rich province into a resource-poor economy.

 

January 4, 2013

(Minute 7:00) A discussion of BC's impending return to the PST with the BC Chamber poll and John Winter cited several times.

January 3, 2013
(Minute 18:30) Covers the BC Chamber poll on businesses being unprepared for the PST.

December 30, 2012
A recent survey conducted by the BC Chamber of Commerce has revealed that 63 per cent of businesses do not feel prepared for the transition back to the provincial sales tax (PST), which happens on April 1, 2013.



eventsPST Update

 

BC will re-implement the PST on April 1, 2013, thereby eliminating the Harmonized Sales Tax (HST).

  • Registration is now open (Online, In person, By mail) - Register here
  • Seminars to help Interior BC businesses prepare for return to PST are ongoing:
    Businesses that want to learn about returning to PST are invited to take part in seminars being held in partnership with local chambers of commerce. There are 50 seminars which will cover the general principles of the PST and the new eTaxBC online business registration service.

Back to Top



cnewsChamber News

 

red_tapeReform will save Canadian business $1.2 million per year

 

New red tape relief for Canadian companies has been announced, with proposed changes that will see 32,000 fewer corporations filing a return under the Corporations Return Act, saving companies an estimated $1.2-million in administrative costs.

 

"These announcements are part of a concerted effort by the Feds to tackle more than just the 'low hanging fruit' and that making Canadian Business more competitive by removing many of these old, tired and redundant regulations is a major step forward." States Andrew Hopkins, President, New Westminster Chamber of Commerce.

 

"Improving Canada's competitiveness requires an ambitious aggressive and innovative private sector, and one that is focused on doing what it does best, producing goods and services that enable our domestic product to continue its growth." said John Winter, President & CEO of the BC Chamber of Commerce.

 

For more information on the Red Tape Reduction Action Plan, please visit the Red Tape Reduction Action Plan website (www.tbs-sct.gc.ca/redtape).

 

 

 

disabilitiesCanadians with disabilities are under-represented in the workplace

 

A new report titled Rethinking disAbility highlights the benefits for businesses of employing people with disabilities. The panel consulted with businesses and organizations, including the Canadian Chamber, last fall and they heard that:

 

  • Hiring people with disabilities makes good business sense.
  • There are myths and misconceptions in the business community about the costs and risks associated with hiring people with disabilities.
  • In half of the cases, there are no costs to accommodate a person with disabilities, but on average the cost is $500, an investment easily returned by a loyal and engaged employee.

Despite an aging population and a looming labour skills shortage, this significant talent pool is being overlooked. This is good news for employers seeking talent, and for the approximately 795,000 working-aged Canadians who are not working but whose disability does not prevent them from doing so.

 

 

 

biz_expoFree Information Expo for Small Businesses

 

The Small Business Information Expo is a free tradeshow that brings together various organizations and government departments that support small businesses. The expo also features free drop-in educational panels, providing insight into resources for small business on topics such as available Federal Government support and assistance, government-funded associations and programs, and procurement opportunities.

 

Date:       February 13, 2013

Time:       9:00 am - 4:00 pm
Venue:     Roundhouse Community Centre, 181 Roundhouse Mews, Vancouver, BC
Cost:       Free
Register:  http://tpsgc-pwgsc1.fluidsurveys.com/s/2013_Small_Biz_Info_Expo/

 

 

 

 ccc_reportCanadian Chamber of Commerce - Annual Report 2012

 

For the Canadian Chamber, 2012 was a successful year. We worked hard on your behalf advocating for measures to restore Canada's competitiveness to ensure businesses, like yours, can prosper, compete and succeed. We are proud of our achievements in 2012 and have highlighted them for you in our Annual Report.

 

 

 

tax_guidePersonal Tax Planning 2012-13: A Comprehensive Tax Guide to Savings

 

CGA-Canada's Personal Tax Planning eBook highlights current tax laws, regulations, and trends, and is now available for your e-reader or for purchase as a downloadable PDF.

 

The Personal Tax Planning book assists taxpayers by providing explanations and examples of common tax situations, as well as tax-planning tips and important filing dates. The 2012-13 edition provides an understanding of the personal income tax system at the federal level, as well as for each province or territory.

 

Find up-to-date information on topics including: income splitting, investment income and expenses, business and self-employment, income and expenses and tax rates for various levels of ordinary income, capital gains, and  dividends.

 



pnewsProvincial News

 

aglgAuditor General for Local Government opens office

 

British Columbia's first office of the Auditor General for Local Government (AGLG) has opened its doors. The AGLG will conduct performance audits of local government operations and provide recommendations regarding economy, efficiency and effectiveness.

 

"Taxpayers and local governments will see real tangible benefits with the establishment of the Office of the Auditor General for Local Government. Taxpayers will see increased transparency and accountability on how their tax dollars are spent while local governments will have a resource to enhance their decision-making process through the sharing of best practices." - John Winter, President & CEO, BC Chamber of Commerce.

 

 

 

econ_outlookForecast council updates economic outlook for BC

 

Updated projections from the private sector economic experts who advise the BC government show the provincial economy is expected to continue to grow modestly this year and next year.

 

The BC Economic Forecast Council expects BC's economy to post 2.1 per cent growth in 2013, down slightly from the 2.2 per cent it predicted two months ago.

 

 

 

job_fairs2013 BC Job Fairs

 

A new series of BC Job Fairs will come to 22 communities beginning in January to promote current job opportunities, career trends and skills training - with the addition of a new Skills4BC booth.

 

Check out the calendar to find out about a job fair in your community.

 

 

 

services_cardBC Services Card

 

On February 15, 2013, the provincial government will introduce the BC Services Card.  The new card will replace the CareCard and be combined with the BC driver's licence.

 

As businesses rely on government-issued identification to verify identity and prove age, the government has prepared material to help businesses with the transition.

 

This information and other key resources, including a multimedia eLearning tool for self-serve information on the BC Services Card program, can be found at BCServicesCard.ca or you can call 1-800-663-7867.