Fair Rules Archives - Victoria Chamber

Tech sector’s economic impact continues to grow: report

July 3, 2024/in Business And Economic Strength, Fair Rules, Finding And Keeping Workers/by Jim Zeeben

Greater Victoria’s diversified economy plays an important role in helping our region sustain downturns in the global economy. A great example is the tech industry, which thrived during the pandemic and now creates an economic impact of $7.9 billion.

The latest figures were announced last week in a report commissioned by the Victoria Innovation, Advanced Technology and Entrepreneurship Council (VIATEC).

The sector has grown by 51% since 2017 and now supports more than 20,000 employees.

The report found that lifestyle was the top advantage for being located in Greater Victoria, followed by our climate and short commute times. The biggest challenges facing tech businesses are a lack of affordable housing for staff, our region’s high cost of living in general and our limited talent pool.

VIATEC started as The Chamber’s Advanced Technology subcommittee before becoming its own organization in 1989.

Chamber network fighting to stop Digital Service Tax

June 26, 2024/in Chamber Awareness, Fair Rules/by Jim Zeeben

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.

Two tales emerging about downtown: DVBA report

June 12, 2024/in Business And Economic Strength, Fair Rules, Government Local, Safe Communities/by Jim Zeeben

There are two stories being told about downtown Victoria, says a new analysis released this morning by the Downtown Victoria Business Association.

With 5% more business licences issued, and tourism and industry thriving, the DVBA’s 2024 Annual Report says the numbers show the region’s downtown is enjoying economic growth. However, there is also a growing sense of unease — a survey found almost 20% of businesses believe downtown is failing.

“That is the highest percentage since we began surveying members,” the DVBA report states. “It is alarming.”

More than two thirds of all people who patronize downtown come from within Greater Victoria, which means that the entire region has a role to play in the narrative of this important neighbourhood.

“The Chamber strongly supports downtown and the work of the DVBA and the City of Victoria to make the area vibrant and safe,” Chamber CEO Bruce Williams said. “We are a regional chamber but we will continue to call on all levels of government to invest in the infrastructure and services needed in downtown Victoria.”

Measuring gender pay rates helping close the gap

June 12, 2024/in Fair Rules, Finding And Keeping Workers/by Jim Zeeben

Pay equity is one of the keys to unlocking productivity in our workforce, and vital for helping employers find and keep workers.

In 2023, British Columbia introduced the Pay Transparency Act to formalize a system for employers to ensure employee compensation was not being influenced by gender.

Women in BC earn 17% less than men, based on median hourly wages. The disparity is higher for Indigenous, racialized and newcomer women.

The province recently launched an online reporting tool for BC employers to prepare pay transparency reports, which are a legal requirement. By Nov. 1, all B.C. employers with 1,000 or more employees are required to prepare and post reports about their gender-pay gaps.

The requirement has been introduced in stages to give employers time to prepare.

Nov. 1, 2023: BC Public Service and the six largest Crown corporations (ICBC, BC Hydro, WorkSafeBC, BC Housing, BC Lottery Corporation and BC Transit)
Nov. 1, 2024: all employers with 1,000 employees or more
Nov. 1, 2025: all employers with 300 employees or more
Nov. 1, 2026: all employers with 50 employees or more

All employers in BC are required to include salary or wage information on all publicly posted jobs.

Drawing on data from Statistics Canada and pay transparency reports posted by employers last year, the province’s first annual report provides an overview of the gender pay gap in BC by sector, employment type and intersectional identities.

New rules for short-term rentals effective May 1

May 1, 2024/in Fair Rules, Government Local, Government Provincial, Housing/by Jim Zeeben

The Short-Term Rental Accommodations Act took effect today. Among the changes, according to the province, are:

Short-term rentals can only be offered in the principal residence of a host, plus one additional unit, secondary suite or laneway home/garden suite on the property.
Strata hotels and motels that have been operating in a manner similar to a hotel or motel before Dec. 8, 2023, and that meet select criteria moving forward, will be exempt from the Principal Residence Requirement.
Non-conforming use of property will no longer apply to short-term rentals.
Short-term rental hosts will be required to display a valid business licence number on their listing.
Short-term rental platforms will be required to share data with the Province.

If the new rules aren’t followed, fines can be levied ranging from $500 to $10,000 per day, depending on who is operating the rental.

BC Minister of Housing Ravi Kahlon told the Times Colonist that short-term rentals will be available on a smaller scale as the new rules aim to stop people from taking away large numbers of housing units that could serve as homes for people.

New Rules for STRs

Amalgamation committee taking shape this spring

April 24, 2024/in Fair Rules, Government Local, Streamlined Regional Regulations/by Jim Zeeben

Talk is turning to action on the latest attempt to pursue municipal amalgamation. Invitations to serve on the Victoria-Saanich Citizens’ Assembly have been sent to 10,000 residents in the two communities. They have until May 30 to confirm whether they will participate.

From there, 48 people will be selected through a randomized lottery process that fairly represents the population of both municipalities. Finally, the committee will come together over eight Saturdays starting in September and wrapping up in April. At that point, they will produce a report outlining the pros and cons of merging Greater Victoria’s two largest municipalities.

Tech sector’s economic impact continues to grow: report

Chamber network fighting to stop Digital Service Tax

Two tales emerging about downtown: DVBA report

Measuring gender pay rates helping close the gap

New rules for short-term rentals effective May 1

Amalgamation committee taking shape this spring

Understanding IP helps creators protect business

Report offers insight into valuable non-profit sector

Growing Langford gets its own electoral district

BC’s minimum wage jumps June 1 to $16.75/hour

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