REGINA, March 19, 2014 /CNW/ - Restaurants Canada and the hospitality industry welcomed the Wall government's balanced budget because it puts more money back in the pockets of consumers and small business owners. Restaurant industry growth depends on disposable income. Balanced budgets like this one, with no major tax hikes and with inflation-indexed increases in both basic personal exemptions and tax brackets, will ensure growth in discretionary spending by Saskatchewan residents.
"Saskatchewan's growing economy combined with the government's commitment to responsible spending creates an environment in which restaurants can continue to grow and prosper," said Dwayne Marling, Restaurants Canada's Manitoba-Saskatchewan Vice President.
Saskatchewan's Minister of Finance and Deputy Premier Hon. Ken Krawetz confirmed there will be no changes or increases in any taxes – business, personal, corporate or education.
Saskatchewan's $2-billion restaurant industry is one of the province's largest economic and employment sectors. It directly employs nearly 33,000 people in communities across the province.
Restaurants Canada (formerly the Canadian Restaurant and Foodservices Association) is a national association comprising 30,000 businesses in every segment of the foodservice industry, including restaurants, bars, caterers, institutions and their suppliers. Through advocacy, research, and member programs and services, Restaurants Canada is dedicated to helping its members in every community grow and prosper.
Canada's restaurant industry directly employs more than 1.1 million Canadians, contributes $68 billion a year to the Canadian economy, and serves more than 18 million customers every day.
SOURCE: Restaurants Canada