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SMALL BUSINESS BC FILES FOR BANKRUPTCY
After decades of supporting entrepreneurs and fostering small business growth across the province, Small Business BC filed for bankruptcy on December 5, 2024, citing financial difficulties. This marks a significant loss for the small business community, as the organization has been a trusted resource for guidance and support. The Revelstoke Chamber recognizes the impact of this development; we will continue to monitor the situation, and share any updates or relevant information with our members. Learn more, here.
GST/HST BREAK
The Holiday Tax break is now live until 15th February, 2025. During this break, businesses must not charge GST/HST on qualifying goods and services but should continue to report and remit GST/HST as usual. Still unclear on what the break means to you? Here are other ways it may affect your business you should consider, additional employee training, updating your point of sale systems, and extra booking steps. To learn more about the exempt items, and to sign up for updates on the tax break and industry-specific news, go to this page.
CITY SHARES PROGRESS ON ZONING BYLAW UPDATE
The City of Revelstoke is advancing its zoning bylaw rewrite project, a key initiative to shape future development. Questions submitted via the Slido app on TalkRevelstoke have been answered, and staff presented an update to Council on December 12. The project will proceed to formal Council consideration in early January 2025, followed by a public hearing where residents can share their feedback.
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