SBOT – Throne Speech Reaction – Focus on Tax Competitiveness Measures Needed

Surrey – The Surrey Board of Trade is pleased with BC’s Throne Speech. It’s presentation articulated forthcoming economic investments to support businesses, their employees and enhance livability in our communities.

“The Surrey Board of Trade is looking forward to hearing the specific details of economic investments to reducing taxes for businesses, child care, transportation, education and housing in the BC Budget next week,” said Anita Huberman, Surrey Board of Trade CEO.

“The Surrey Board of Trade was pleased with the Throne Speech as it related to improving affordability for both BC residents and businesses in the way of housing, child care, cell phone bills, food security innovation and poverty reduction.”

“The Surrey Board of Trade observed that ride-hailing services will come to BC in 2019 to improve transportation options, and that LNG infrastructure investments will be re-invested in BC communities.”

“However, we need to build a competitive economy to benefit our businesses. The Surrey Board of Trade issued a policy that was enacted upon by government to eliminate the regressive tax of MSP. We look forward to hearing the details in next week’s Provincial Budget on how the BC government will mitigate the significant bottom-line impacts of the Employer Health Tax (payroll tax).”

“Further, community benefit programs need to benefit all BC residents, not just those workers that are in unions, to help build needed infrastructure in Surrey and in B.C. This process needs to be re-visited.”

“Art and culture investments in education and in infrastructure overall will be monitored by the Surrey Board of Trade, in next week’s budget release.”

“Surrey is a border city to the United States, and the Surrey Board of Trade was pleased to hear of the BC government’s focus to enhance the Cascadia Corridor through a transportation and technology industry lens.”

“The Surrey Board of Trade was pleased with the focus on child care. Child care affordability and accessibility to quality childcare spaces are necessary for employees to be able to perform at peak productivity, confident in the knowledge that their children are cared for in a safe, learning environment.”

The Surrey Board of Trade is committed to creating a more business-friendly Surrey to support and attract business.

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