OTTAWA, Feb. 17 /CNW/ - Today, the Canadian Chamber of Commerce, in
partnership with all the provincial and territorial chambers across the
country, is launching a national campaign calling on all federal
parliamentarians to keep their promise of reducing business taxes.
In a message to over 420 local chambers of commerce and boards of trade,
representing 192,000 businesses of all sizes across Canada, Perrin
Beatty, President and Chief Executive Officer of the Canadian Chamber
of Commerce stated: "Our political leaders have to live up to the
promises they have made. Businesses across the country have invested
with the understanding that taxes would decline. A sudden change of
course would constitute a broken promise to thousands of businesses and
the people they employ."
With government stimulus programs ending this year, the tax reductions
are especially important as they will free up capital to be put to work
to grow Canada's businesses and its economy. This strategy has been
supported by a majority of parliamentarians in two federal budgets
since its inception in 2007.
"Government stimulus was important during the crisis, but it's not the
basis of real economic growth," added Mr. Beatty. "Sustainable growth
requires the private sector investment that can generate new jobs and
federal revenues to pay down the deficit. The current tax plan, which
was supported by both Liberal and Conservative parliamentarians, is
essential for that investment."
Business tax reductions are relevant to all Canadian business—large and
small—in all regions of the country. In particular, small business has
a keen interest in this issue. Most small businesses are suppliers to
bigger businesses; opportunities flow when the larger firms have the
capital to buy. The alternative—rising taxes—dries up those
opportunities. A vibrant large business sector leads to a strong and
prosperous small business sector.
Mr. Beatty told Canadian Chamber members that Canada's businesses need
to speak out on tax competitiveness. "All Canadians lose when the
political parties squabble over this issue. Our job is to help secure
sustainable economic growth. We have a weak recovery underway, and we
need the help the business tax strategy provides. The issue is too
serious to be left to political game players."
In addition, today, the Canadian Chamber released a report entitled Business Tax Relief is Crucial to Canada's Economic Success. In its report, the Canadian Chamber outlines that Canada has made
steady progress in improving its business tax competitiveness over the
last decade and that those actions have not gone unnoticed. The report
demonstrates that increasing taxes on Canadian families and businesses
is the wrong way to eliminate deficits. In a highly integrated global
economy, the tax base is constantly on the move. Skilled workers,
businesses, jobs and capital move easily across national borders,
seeking the best economic opportunities. They are drawn to low-cost,
The Canadian Chamber of Commerce will be working with its membership and
Canadian business all across the country over the coming weeks to
continue to sensitize the federal politicians of the importance of this
issue for Canada's economic prosperity.
The Canadian Chamber of Commerce is the vital connection between
business and the federal government. It helps shape public policy and
decision-making to the benefit of businesses, communities and families
across Canada with a network of over 420 chambers of commerce and
boards of trade, representing 192,000 businesses of all sizes in all
sectors of the economy and in all regions.
To read the Canadian Chamber's report, Business Tax Relief is Crucial to Canada's Economic Success, please go to www.chamber.ca.
SOURCE Canadian Chamber of Commerce, The
For further information:
Emilie S. Potvin
Director, Public Affairs
Office: 613.238.4000 (231)