The Greater Charlottetown Area Chamber of Commerce hosted more than 300 business owners and stakeholders for a Town Hall on Tax Changes at the Delta Prince Edward earlier today. The town hall opened with a panel discussion involving tax specialists, Jennifer Dunn of BDO Canada, Paul Deighan of Grant Thornton as well as local business owners, Kim Green and Roddy Willis of Kays Wholesale Inc.. Charlottetown Member of Parliament, Sean Casey also participated in the event via Skype from Ottawa and addressed the audience. The event was moderated by Jennifer Evans, vice President of the Chamber Board of Directors and General Manager of Ocean 100 & Hot 105.5.
On July 18, 2017, the federal government released a consultation document proposing changes to how incorporated businesses in Canada are taxed. At Friday’s town hall, business owners posed questions to panelists and MP Casey on the consultation period and process as well as specifically who these tax changes were targeted at. Business owners questioned the intention of the proposed changes and the short and long term implications on investment, succession planning and entrepreneurship in PEI and Canada, should the changes proceed as presented.
“The response from our members on this issue has been significant and it’s clear that the federal government needs to press pause and rethink its tax proposal. We appreciate MP Casey’s participation in today’s town hall and his willingness to share these concerns with his colleagues in Ottawa,” said Penny Walsh McGuire, Executive Director of the Chamber, “What we can be reassured of from today’s event is that the Island business community is not backing down on a fight against these tax changes.”
In response to the proposed tax changes, the Greater Charlottetown Area Chamber of Commerce along with other Island Chambers created an online submission form, where feedback can be emailed directly to the Island’s four Members of Parliament as well as Minister of Finance, Bill Morneau. A summary of this feedback will be submitted by the Chamber to the federal finance department prior to the consultation deadline on Monday, October 2nd.
Click here to view PowerPoint presentations from the event.