Retailers Welcome Tax Cuts



    TORONTO, Oct. 30 /CNW/ - Retail Council of Canada (RCC) responded
positively to the announcement in the fall Economic Statement that the Federal
Government intends to reduce personal and corporate taxes.
    RCC President and CEO, Diane J Brisebois, said, "Retailers and their
customers will be pleased to know that the Federal Government plans to give
some of their hard-earned money back to Canadians. For many years, RCC has
urged the Government to reduce its tax take, and we are glad that Mr. Flaherty
has listened to that advice."
    RCC believes that any tax measure, including the GST cut, that puts money
back into the pockets of Canadians is a positive step. Along with most
economists, RCC's top priority was for reductions in the personal income tax
burden, and we are pleased to see that the Minister has also lowered income
taxes in a way that is particularly beneficial for lower and middle income
Canadians.
    Ms. Brisebois was particularly pleased with the personal income tax
changes. She said, "RCC is delighted the Minister took our advice to lower the
personal income tax burden, particularly for lower and middle income
Canadians. That puts the dollars back where they are most needed - in the
pockets of hard-working Canadians."
    RCC also expressed its support for the Minister's commitment to pursue
harmonization. Ms. Brisebois said, "RCC shares the Federal Government's desire
to accomplish nation-wide harmonization of PSTs with the GST. We will be
urging provincial governments to respond positively." She noted, however, "It
is essential that merchants be able to show their prices exclusive of the tax.
Without this freedom, retailers would oppose harmonization because of the
damage it would do by fragmenting the domestic market."

    Founded in 1963, Retail Council of Canada (www.retailcouncil.org) is the
voice of retail. It is a not-for-profit association whose more than 40,000
storefronts consist of all retail formats, including national and regional
department stores, mass merchants, specialty chains, independent stores and
online merchants. Collectively, Retail Council of Canada's members account for
more than two-thirds of Canada's total general-merchandise retail sales.





For further information:

For further information: Media Contact: Derek Nighbor, Vice President,
National Affairs, Retail Council of Canada, (416) 922-0553 ext. 234


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