Tom Dyas, President of the Kelowna Chamber, gives Budget 2017 from the BC Government an AAA Rating. "This is a budget that is built for business," said Dyas on Tuesday, only an hour after Mike de Jong, Finance Minister, delivered the upbeat budget on the floor of the House in Victoria.
"It is a budget about choice for small businesses. They will be able to choose where they can save, and where they can re-invest." The cut in the small business tax, from 2.5% down to 2% gives BC the second lowest small business tax rate in the country.
The 2017 budget combines continued fiscal discipline, including an on-going focus on paying down operating debt, and a number of forward-looking initiatives strongly advocated for by the BC Chamber network, such as looking at ways to reform the Provincial Sales Tax - Including removing the PST on electricity bills for business - to support future economic growth.
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