The Haliburton Chamber of Commerce is happy with the federal budget that was recently released. Manager Rosemarie Jung says things like reductions to the small business tax rate, initiatives to improve the skilled workforce, and support to young entrepreneurs are some of the positives. However, when it comes to the provincial budget and the mandatory retirement pension plan, Jung says it’s not so positive:
Jung says the plan is still on the table, but it’s not finalized yet and won’t be mandatory until 2019. The Chamber network is working to get a better understanding on how that plan will impact local businesses.
One of the positives from the federal budget, Jung explains, is the small business tax credit:
Another item that will benefit a lot of local businesses is the improvements to Canada’s skilled workforce. Jung explains what it means:
Jung says they’re hope is that these improvements will meet the need to have better skilled employees.