Chamber network fighting to stop Digital Service Tax

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Your next online purchase, ride share, meal delivery, or vacation could soon cost even more if the Digital Service Tax is implemented.

That’s the message from the Canadian Chamber as it lobbies the federal government to not pass the DST without significant changes. The proposal will tax revenue earned by large foreign and domestic businesses on online services, including marketplaces, advertising, and social media — but its effects will be felt by consumers in the form of higher prices for products and services that rely on digital platforms.

“For example, your online purchases, takeout after a long work week, or your long weekend cottage rental could cost more starting in 2024,” the Canadian Chamber said. “And the warning isn’t without foundation — France’s DST caused an estimated 2-3% price increase in services for consumers.”

If the DST is passed, it will take effect later this year. However, because it is a retroactive tax, it will apply to revenue earned by businesses in 2022 and 2023 as well.

“That’s like having the CRA send you a letter telling you to review your last two years of tax filings and pay more now for a tax that didn’t exist back then,” the Canadian Chamber said.

Happy Canada Day!

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Summer is officially underway, which means it’s time to express our gratitude for living in the best place on earth. Greater Victoria is amazing throughout the year, but summer means every weekend has something to celebrate.

With the Canada Day long-weekend approaching, The Chamber is celebrating our New to Canada Program. Read more about this initiative in our BizNews story below.

Today’s issue also includes Member News about how Rifflandia and the City of Victoria are hosting a big Canada Day celebration.

Leading up to July 1, you can enjoy JazzFest, courtesy of the Victoria Jazz Society.

“Let’s support our local businesses, whether that’s going out on the town, enjoying a community event or spending time with family and friends at the beach or a backyard barbecue,” Chamber CEO Bruce Williams said.

Happy Canada Day Victoria!

The Chamber will be closed on Monday, July 1st.

BC Conservative leader speaks at Chamber election luncheon

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A full-house enjoyed lunch today at the Sandman Hotel Victoria while listening to Conservative Party of BC leader John Rustad explain how he would change the province if elected.

Rustad offered his thoughts on the economy, public safety and other issues, often weaving in small-town stories from rural constituents.

“Some people really liked what Mr. Rustad had to say, some learned about his policy ideas for the first time, but every attendee who was there came with an open mind and respect for our democratic process,” Chamber CEO Bruce Williams said about the event. “I want to thank everyone who has attended our Leading to Election events. We have a role as the Voice of Business to give our members a chance to hear first-hand from the people running for election this October.”

The first Leading to Election event was held in April with Premier David Eby, leader of the BC NDP. On June 6, The Chamber hosted Kevin Falcon — the leader of the Official Opposition and leader of the BC United Party. Our fourth event will feature the leader of the BC Green Party in September.

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John Rustad at The Chamber’s Leading to Election Luncheon on June 19.

Access to help key to making community safe for all

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Feeling safe at home and at work is a fundamental requirement for good business and great community. The Chamber supports initiatives such as two recent announcements about investments in housing and support programs to help people reintegrate into society.

Access Hub for Street Community
The City of Victoria has agreed to provide up to $1.8 million for the operations of a new access hub facility at 2155 Dowler Pl. that reduces the risk and impacts of homelessness. Funds come from the Financial Stability Reserve, which can be used in situations related to public safety.

The 5,264 square-foot property will include community space for people to have immediate access to supports aimed at breaking the cycle of homelessness. The property will be fenced and security will be on site to address any impacts on neighbouring properties

Transitional Housing for Fresh Start
On Tuesday, the province announced plans for 28 transitional homes with supports for people leaving the correctional system. Located at 736 Princess Ave., the six-storey building will be owned and operated by the John Howard Society of Victoria, which is dedicated to helping people with programs and services focused on employment, housing, mentorship and restorative justice.

The building will be the John Howard Society’s new headquarters. The upper floors of the building will have 28 studio apartments, each with a private washroom and kitchenette.

Chamber initiative will help people New to Canada

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A new Chamber initiative that will formally launch in August is already helping make Greater Victoria a great community.

The New to Canada Program aims to empower newcomer business owners in our region. To qualify, business owners must hold a valid business license and have been in Canada for three or less years. Black Press recently reached out to The Chamber to ask about the program and interview one of the first participants.

Alejandra Chacon Gallardo is from Mexico and founded Regenerative Futures Consulting Corp. in Greater Victoria because she believes Canada is at the forefront of climate action leadership. Gallardo connected with The Chamber, and recognized the value of being a member.

“If there is a possibility of helping you, (The Chamber) will be there,” Gallardo told Black Press. “It’s nice that they are building community.”

The New to Canada program includes two years of membership with The Chamber and is designed to help newcomers successfully integrate into the business community in Greater Victoria.

​​This program is funded through sponsorship from Air Canada, the Victoria Airport Authority, the Victoria Foundation, and Western Design + Build.

“Currently, we are making a few more connections to prepare for a promotional campaign to raise wider awareness of the program,” Chamber CEO Bruce Williams said. “Watch for our official launch and more coverage in August.”

Canadian business optimism improving, survey finds

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The Business Expectations Index has moved into positive territory for the first time in a year. The index rose 2.7 points in the second quarter of 2024 from the first quarter, led by an improved outlook for sales.

Some of the key findings include:

  • Businesses expect employment to grow as labour market conditions continue to find a balance between supply and demand.
  • Eleven of 16 sectors are improving with finance and insurance leading the pack, followed by construction.
  • However, agriculture, information and culture, and transportation are contracting.
  • Firms with 1 to 4 employees say they are are stabilizing, though medium- and large-sized firms (100 or more employees) continue to be much more optimistic.
  • Among underrepresented groups, visible minorities are the most optimistic, while LGBTQ2+ and women business owners are more pessimistic.

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