Relief on the way for B.C. small businesses
Oct. 23, Vancouver –
Retail Council of Canada (RCC) and its thousands of members across
British Columbia applaud the provincial government for their support of
B.C. small business in a new economic plan announced by Premier Gordon
Retail Council of Canada
(RCC) and its thousands of members across British Columbia applaud the
provincial government for their support of B.C. small business in a new
economic plan announced by Premier Gordon Campbell.
The Province's 10-point plan aims to provide relief for families and
small businesses. Several measures affecting small and independent
- Accelerated tax relief for small business – savings to small business will be $146 million over three years.
- The Province
will double the commission it pays business for collecting the
provincial sales tax and hotel room tax. It will provide more than
100,000 businesses with approximately $60 million over three years and
add up to $1,200 to a business's bottom line.
"In today's turbulent
economy, the small businesses at the heart of BC communities are
feeling the strain," says Max Logan, BC Director, RCC. "Our small and
independent retailers are encouraged by the immediate actions of the
provincial government to alleviate some of the pressure and help BC
small businesses remain competitive."
There are approximately 30,000 retail establishments in British
Columbia, with 2007 sales that approached $60 billion – most of which
are small and independent businesses. The retail sector is the
province's number one employer. RCC views the B.C. Government's
economic plan as a step in the right direction to ensure the
sustainability and future prosperity of this important part of the