TORONTO, April 21, 2015 /CNW/ - Retail Council of Canada (RCC) welcomes today's federal budget, which continues to reduce taxes on Canadian merchants. "The proposed measure boosting the small business deduction will help make Canada's independent retailers more competitive in the face of strong Global competition," said Dave Wilkes, RCC's Senior Vice President of Government Relations. "This budget builds on the government's overall record of lowering the corporate income tax rate from 22 per cent to 15 per cent."
RCC applauds today's announcement to establish an Internal Trade Promotion Office to eliminate trade barriers within our borders. Retailers also welcome the government's restated commitment to reduce regulatory inconsistencies between Canada and U.S. On behalf of its members, RCC will continue to advocate for lower barriers to trade, wherever they occur. "Given this strong mandate, we are disappointed that the government did not seize the opportunity in Budget 2015 to build upon the tariff reductions announced in 2013," said Wilkes. "These duties, which can be as high as 18 per cent, impede the competitiveness of Canadian merchants and negatively impact prices for Canadian consumers."
Retailers welcome the government's proposal to work with trade associations to foster the development of in-demand job skills. RCC will continue to build programs to help Canadians access the many interesting and rewarding employment opportunities offered in our sector.
Retail Council of Canada (RCC) is the Voice of Retail in Canada representing more than 45,000 store fronts of all retail formats, including department, specialty, discount, and independent stores, and online merchants in general merchandise, grocery and drugs. Its membership represents over 75% of all retail sales in Canada. RCC is a strong advocate for retailing in Canada and works with all levels of government and other stakeholders to support employment growth and career opportunities in retail, to promote and sustain retail investments in communities from coast-to-coast, and to enhance consumer choice and industry competitiveness. RCC also provides its members with a full range of services and programs including education and training, benchmarking and best practices, networking, advocacy, and industry information. retailcouncil.org @retailcouncil @RCCMySTORE
SOURCE Retail Council of Canada
For further information: Colin Asuncion, Retail Council of Canada, 416 467 3782, [email protected]