Vernon Chamber says budget doesn't help small businesses

Photo: BC Government

The provincial government tabled its budget on Tuesday, and not everyone is happy about it. Some groups praised certain aspects of the document, such as the pop tax – but others are concerned about what it means for local businesses.

"There was absolutely nothing meaningful in the budget for entrepreneurs, and particularly for the small and medium-sized businesses that are the backbone of the North Okanagan’s economy," says Dione Chambers, the Greater Vernon Chamber's general manager. "Business owners are struggling to pay the bills, keep staff employed and raise their families as a result of the cumulative cost of doing business."

Since 2017, BC businesses have seen the corporate tax rate remaining steady at 12 per cent, rising carbon taxes and the Employers' Health Tax increasing to more than $2 billion by 2022/23.

"Business owners understand that they must pay taxes and do their part to ensure important social programs, but the government has business unfairly footing the bill," says Chambers. "That means business owners may not be able to invest in equipment upgrades, facility expansions or hiring additional staff."

The 2020 budget will be adding $71 million to improve public safety and support services for businesses affected by crime. This includes $13 million for the Crime Victims Assistance Program, which helps victims and their loved ones cope with the aftermath of crime.

The Chamber has advocated to the top levels of government to fund primary mental health and addiction services. They stated if these remain a priority, it creates a safe environment for business owners and their customers.