BC Chamber of Commerce 2008 AGM

BC Chamber of Commerce Express Newsletter - May 2010 Issue

Contents

BC Chamber in the Headlines

Policy Successes

Chamber News

What’s new @ bcchamber.org

Provincial News

National News

 

BC Chamber in the Headlines

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Policy Successes

Clean Energy Act to Power BC Growth

The Act is designed to create jobs, increase electrical self-sufficiency, reduced greenhouse gas emissions, and protect both B.C. rate payers and the province’s competitive advantage in clean, renewable energy.

Read the BC Chamber News Release
Read the Provincial News Release

Site C Clean Energy Project Announced

Site C will be the third hydro-electric dam on the Peace River and, once built, is expected to supply clean, renewable power in BC for 100 years.

Read the BC Chamber News Release
Read the Provincial News Release

B.C., Saskatchewan and Alberta launch New West Partnership

B.C., Saskatchewan and Alberta have launched the New West Partnership, creating an economic powerhouse of nine million people with a combined GDP of more than $550 billion.

This agreement represents a comprehensive economic agreement, which will remove remaining barriers to trade, investment and labour mobility.

Creating Canada’s largest interprovincial barrier-free trade and investment market . . .

Western Ministers Tackle Tough Crime Issues

VANCOUVER – Western justice ministers will continue to work proactively with the federal government to protect the public from high-risk, serious youth offenders and for improved federal legislation.

Read the Provincial News Release

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Chamber News

What’s new @ bcchamber.org

  • Proposed Resolution Manual
    The Proposed Resolution Manual is now available on the BC Chamber members-only website.  The Manual contains Policy Resolutions to be discussed at the BC Chamber AGM May 27 - 29, 2010 in Vancouver.
  • Q1 Reports
    TD Merchant Services  & Esso Q1 2010 BC Reports are available on the members-only website
  • Phone Fraud
    The BC Chamber has received a number of calls from concerned businesses in regards to fraud.  A male caller, stating that he is from the BC Chamber, has been contacting businesses and asking if the business is moving and what the new address is.  This individual has no affiliation with the Chamber and we are requesting that you disregard these calls.


AGM 2010 – May 27 - 29

The BC Chamber of Commerce Annual General Meeting & Conference is in its 58th year in 2010, and being held in Vancouver for the first time.

The BC Chamber will be welcoming the province’s business community May 27th through 29th for a fantastic members-only event at the extraordinary new Vancouver Convention Centre.  The AGM & Conference features fascinating guest speakers, engaging panels, and lively policy debates.  This is an AGM you won’t want to miss.

Complete event details including the Agenda, Newsletters, Information on AGM Award Programs, Location Maps for venues, Trade Show information, FAQ's, Speaker Bios and our generous Sponsors are available on the BC Chamber members-only website in the ‘Members Events’, ‘Annual General Meeting’ section.

Please note that on-site registration will not be available for Delegate breakfast, lunch or dinner sessions.

For information on the AGM & Conference, please contact us:

T 604-683-0700
F 604-683-0416
www.bcchamber.org

CRA HST Seminars

The Canada Revenue Agency is preparing to administer the HST and is offering free information seminars to businesses, designed to help prepare you for a seamless transition to HST.
The seminars, entitled "The Proposed Transition to Harmonized Sales Tax – Information for Businesses," will provide you with an overview of the HST, covering topics such as:

  • How the tax works
  • Applying tax to supplies, goods and services
  • Self assessing
  • Collection and reporting
  • Point-of-sale rebates

You can find the seminars servicing most areas across BC on the following websites:

Information seminars on HST for BC
General HST information for BC

HST Video

The Province has produced a short animated video outlining the "10 facts you should know about the Harmonized Sales Tax (HST)"

View the video here

Workplace Training for Innovation Pilot Program

The Ministry of Advanced Education and Labour Market Development has established a new program initiative, Workplace Training for Innovation Program, through the Strategic Training and Transition Fund.  The program is designed to provide eligible employers with funding for employee training.

Visit the Government website for more information

PST Refunds and Taxable and Non-Taxable Information

There has been some recent media coverage about businesses that have mistakenly collected tax on exempt items. The Ministry of Finance has provided information to assist businesses who have made inadvertent errors in this regard. Also included is information about what is taxable and what is not.

How to claim refunds - In certain circumstances, businesses can refund the PST directly to their customers.  These circumstances are outlined in Bulletin SST 032,Completing the Social Service Tax Return (see section on Internal Tax Account Adjustments). In all other cases, the customers must apply to the ministry for a refund.

What is taxable and non-taxable - The ministry produces tax information that is industry-specific and includes detailed informational bulletins, and lists of taxable and non-taxable items.

You can visit the industry ­specific web page
You can also view any of the PST publications online
If you have a tax related question, call Taxpayer Services toll-free at 1-877-388-­4440

Order of British Columbia – Call for Nominations

The British Columbia Honours and Awards Secretariat is currently accepting nominations for the province’s highest honour, the Order of British Columbia.  It represents the highest form of recognition the province can extend to its citizens.

The Order of B.C. is open to any resident of B.C. or former long-term resident, who has demonstrated outstanding achievement, excellence or distinction in any field of endeavour benefiting the people of the Province or elsewhere.  Fields include community leadership, business, labour, industry, volunteer service, professions and other occupations, research, culture, arts, sports and others.

Nomination forms are available by going to their website and following the link for the Order of British Columbia. Submission Deadline: June 10, 2010 5 p.m. (PST)

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Provincial News

It’s Official: PST Eliminated in B.C.

VICTORIA – The Consumption Tax Rebate and Transition Act eliminating the Provincial Sales Tax (PST) has been passed in the Legislature, preparing British Columbia for a new value-added tax system that economic experts say will create jobs and drive British Columbia’s economy forward.

British Columbians will see a net increase of 113,000 jobs by the end of the coming decade . . .

Increased Lumber Prices Drop Export Tax to Zero

VICTORIA – Due to strong lumber prices, effective June 1, B.C.’s softwood lumber producers will no longer pay any tax on their shipments to the U.S.

The formula for determining the tax is based on . . .

Green Energy Advisory Task Force Report Released

VICTORIA – The Green Energy Advisory Task Force report contains a number of recommendations that are being implemented to build on British Columbia’s strategy to become a clean energy powerhouse.

Read the Provincial news release
Read the Report

Western Canadian Trade, Investment Shanghai Office Opens

SHANGHAI – The premiers of the Canadian provinces of Alberta, B.C. and Saskatchewan opened the Shanghai-based Western Canada Trade and Investment Office.

The Office will further Western Canada’s global leadership in advanced industries . . .

B.C. Expands International Financial Activity Program

VICTORIA – Building on the throne speech commitment to position B.C. as a leading centre for international commerce, the Province intends to expand the International Financial Activity (IFA) program within the banking industry.

This proposed addition will encourage foreign banks to strongly consider British Columbia . . .

B.C. Celebrates as Mining Industry Leads the Province

VICTORIA – B.C.’s mining industry is leading the provincial recovery, providing ample reason to celebrate B.C. Mining Week.

With rising commodity prices, B.C. metals are in demand . . .

Province Acts on Trucking Industry Recommendations

PRINCE GEORGE – The Province has adopted two recommendations from the Trucking Sector Climate Action Working Group.

Effective next week, the Ministry will allow . . .

New Legislation to Protect Logging Contractors

VICTORIA – The antiquated Woodworker Lien Act will be replaced with a new Forestry Service Providers Protection Act.

“This legislation supports a healthy, competitive contracting environment . . . “

Proposed Legislation to Expand Rural B.C. Loans Program

VICTORIA – Small businesses in rural B.C. will benefit from amendments – introduced today under a Miscellaneous Statutes Amendment Act – that will enable the Forestry Community Business Loans Program to assist a broader range of rural small businesses.

To provide loans to small and medium-sized businesses to support the diversification of rural economies . . .

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National News

Government of Canada Reintroduces Legislation to Help First Nations Develop Commercial Real Estate on Reserves

Ottawa – Legislation was reintroduced today to facilitate the development of major commercial real estate on reserve land when requested by a band.

The Government is committed to removing barriers to economic development on reserves . . .

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