Huron Cham­ber of Com­merce – Goderich, Cen­tral and North Huron in re­sponse to the 2018 fall eco­nomic state­ment

The Goderich Signal-Star - - Community -

On Tues­day, the Chair of the Huron Cham­ber of Com­merce – Goderich, Cen­tral and North Huron and On­tario Cham­ber of Com­merce re­leased the fol­low­ing state­ment in re­sponse to the Fall Eco­nomic State­ment, 2018 On­tario Eco­nomic Out­look and Fis­cal Re­view, re­leased by the On­tario gov­ern­ment this af­ter­noon:

“In to­day’s state­ment, we are pleased to see the Gov­ern­ment of On­tario tak­ing rea­son­able steps to build a more pros­per­ous On­tario with a strong fo­cus on fis­cal ac­count­abil­ity and cut­ting cu­mu­la­tive red tape. On be­half of the Huron Cham­ber of Com­merce – Goderich, Cen­tral and North Huron and On­tario Cham­ber Net­work, we have long called on the gov­ern­ment to re­form On­tario’s tax sys­tem, re­duce red tape, and re­store fis­cal sus­tain­abil­ity to the On­tario tax­payer. “We agree that the Gov­ern­ment of On­tario will not pro­ceed with the prior gov­ern­ment’s ini­tia­tive that would have taxed the so-called ”pas­sive“in­come for thou­sands of busi­nesses across the prov­ince. This would have greatly in­creased taxes for thou­sands of em­ploy­ers in On­tario. “We also ap­plaud the gov­ern­ment for in­creas­ing the amount of pay­roll that is ex­empt from the Em­ployer Health Tax. This is a rea­son­able step in the right di­rec­tion. Our mem­bers are also sup­port­ive of some of the gov­ern­ment’s other key pri­or­i­ties, such as their com­mit­ment to: * Cut­ting red tape by 25 per­cent by 2022;

* Im­ple­ment­ing tax re­forms for small busi­nesses;

* Ex­pand­ing broad­band to ru­ral and un­der­served com­mu­ni­ties across On­tario;

* Re­view­ing elec­tric­ity costs for in­dus­trial users; and

* In­vest­ing in both the Ring of Fire and trans­porta­tion in­fra­struc­ture in North­ern On­tario. “Com­bined, these are fun­da­men­tal steps to­wards a more com­pet­i­tive and pros­per­ous econ­omy. On­tario is strongest when in­dus­try and gov­ern­ment work to­gether and we look for­ward to work­ing with the gov­ern­ment in sup­port of busi­nesses of all sizes, in ev­ery cor­ner of the prov­ince.”

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