The Board of Trade advocates on all levels of government to ensure the interests of the business community are at the forefront of Municipal, Regional, Provincial and National policy and decision-making. We propose and advocate for pro-business policies that encourage economic growth and lead to stronger businesses in our community.
The Board of Trade is always at the table for our members ensuring their voices are heard. As a member of The Board of Trade you become a patron of the community, supporting important initiatives that ensure a prosperous future for everyone. You can have piece of mind knowing that the Board of Trade is on top of the issues impacting you.
The Board of Trade is consistently at the table offering opinions, recommendations and feedback to decision-makers, influencing legislation, policy and issues affecting businesses.
Bill 148 - Fair Workplaces, Better Jobs Act
The Ontario government has announced Bill 148, Fair Workplaces, Better Jobs Act set to be implemented later this year. The plan is proposing widespread changes to Ontario workplaces. In doing so, Brampton businesses warn of unintended consequences that could have negative economic effects. The Brampton Board of Trade is warning local MPPs of unintended consequences that will hurt consumers, workers and local businesses.
Proposed reforms include a 32% increase in the minimum wage within the next 18 months; card-based union certification and a variety of other changes that will impact job creation, workplace harmony and business investment in Ontario. Read the full policy update on the impending changes here.
According to visits, calls and meetings local businesses have had recently with the Brampton Board of Trade, major concerns have been raised across all sectors regarding the impending changes. Local businesses tell the Board of Trade that:
- The impending changes will result in an increase to consumer prices to offset costs of paying staff more. How will consumers respond to large increases in labour-intensive purchases such as childcare, elder care and groceries?
- To mitigate increases to consumers, businesses will be forced to change their hiring practices accordingly — be more selective of who they hire – higher-skilledto justify a higher wage - which may exacerbate youth unemployment.
- Bearing in mind the parameters of their allotted budgets, businesses have stated clearly that they will have less room to create jobs.
Concerned about how the changes will affect your business? Click here to send a letter to your local MP.
Changes to Federal Business Taxation
If your business is incorporated, then you could be facing a larger tax bill and big compliance costs from the government’s new proposals to change the way corporations are taxed. Here are three things you need to know about the tax changes proposed by the federal government:
- Do you employ family members? The government wants to scrutinize their compensation to apply a much higher tax rate on income they consider “unreasonable”.
- Do you invest the profits from your business? The federal government is proposing to tax that income at an effective rate of 70%.
- Do you want to pass your business on to your children? Tough new rules make it difficult for younger children to get the capital gains exemption. They could be double-taxed.
Small and medium-sized businesses (SMEs) are the engine of the Canadian economy – estimates range from 85 to 90% of all businesses in Canada are SMEs.
The chamber network across Canada, including Brampton Board of Trade, is using its collective voice on this issue. Your voice as a business person is important too. But the window of opportunity is closing — the Liberal and Conservative caucuses meet immediately after Labour Day and we want to have MPs go to the meetings with businesses’ comments in hand.
BBOT is inviting all members to contact their local MPs immediately by phone or email so that the government better understands the impact this tax reform will have on businesses of all sizes.
Don't know who your Member of Parliament is? Click here to look up their contact information.
Find out more about the proposed changes to taxation by clicking here.
Our Policy Principles
Our work is focused on ensuring a better business climate and spurs economic growth.