2017 B.C. General Election
The BC Chamber’s province-wide survey results identified the four most important factors affecting their business where they need more help (refer to summary graph on pg. 25 of report).
Nearly 1200 businesses of all sizes, representing all sectors of the economy and from all regions of the province provided their input. We hope that these insights will provide guidance on the issues party candidates should address when speaking to B.C.'s business community.
Insight #1: Taxes on business
B.C. already boasts competitive taxes, however it is clear that our network is looking for continued improvement. The BC Chamber advocates for a made-in-B.C. value added tax (VAT) at the provincial level (see the BC Policy and Positions manual starting at page 113), as well as a more competitive property tax rate at the local level (see the BC Policy and Positions manual starting at page 44).
Insight # 2: Regulations on business
The best way to make business easy is by cutting red tape. The BC Chamber network remains focused on tackling this issue by finding ways to streamline regulations (see the BC Policy and Positions manual starting at page 244).
Insight # 3: Access to labour
B.C.’s businesses must have access to the skill and talent they need to grow their businesses. Our network has expressed the need for both the provincial and federal government to continue allocating resources into timely access to labour (see the BC Policy and Positions manual starting at page 170).
Insight # 4: Cost of labour
The cost of labour is usually a company’s largest expense, particularly for small businesses. While the provincial government works diligently to balance cost pressures with tax relief for business, issues like minimum wage increases continue to create challenges. For BC Chamber members, the answer is centred on certainty and predictability (see the BC Policy and Positions manual on page 174).