Chamber rejects/strongly against proposed business tax changes

The Tri-Cities Chamber of Commerce is strongly against the federal government’s proposed business tax changes. This series of changes are creating complexity and uncertainty that will negatively impact how small and medium businesses operate and have unintended consequences throughout each region’s business community.

The three main issues identified include sprinkling income with family members, saving passive investment income in a corporation, and converting a corporation’s income into capital gains. With the changes proposed in the dog days of summer and only a 75 day “consultation” period, the business community has had limited time to read, understand, and react to the legislation.

To help our members and business community better understand what the proposed changes mean how they run their businesses, we’re hosting an Information Session this Friday, September 22 from 9:00 – 11:00 AM at the Best Western Coquitlam Inn. Tickets are $10+GST for members and $30+GST for non-members.

Rise Advisor’s Partner, Adam Plank, CPA, CGA will lead a keynote presentation outlining the three proposed changes, alternative options and how you can help activate change.

Adam Plank is a Partner and hard of the tax practice at Rise CPA, he has extensive experience advising clients on a broad range of taxation and business matters, including the proposed business tax changes.

The Tri-Cities Chamber of Commerce is a proactive network of business-minded individuals that are committed to acting as an accessible, visible, supportive and reciprocal resource to our members and the Tri-Cities at large, communicating their collective voice to help shape a prosperous business community.

– 30 –

For further information, please contact:

Stephanie Rennie, Communications Manager
Tri-Cities Chamber of Commerce
T: 604.468.6874