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NEWS RELEASE: ICBA Joins Small Business Organizations Calling for Payroll Tax Repeal

BURNABY – The Independent Contractors and Businesses Association (ICBA) today joined eight other associations representing small businesses in several industries in calling on Finance Minister Carole James to cancel her poorly planned payroll tax.

The B.C. Government stunned business owners when it introduced the tax in its 2018-19 provincial budget.

“This tax is a job killer,” said Chris Gardner, ICBA President. “It came completely out of left field, with absolutely no consultation before it was announced. How can government announce a brand new, $2-billion tax without any discussion or warning beforehand? It’s heavy-handed and sends a clear message that the new NDP government is out of touch with the affordability concerns of working families and small businesses.”

Gardner pointed out several other costs heaped on job creators since the NDP took power last summer (to highlight this burden, ICBA this week released a Facebook video showing the plight of small business owners. To watch it, click HERE):

  • Unexpected minimum wage hikes;
  • Federal EI hikes starting in 2019;
  • Canada Pension Plan (CPP) payroll costs will increase by 20 percent starting in 2019 until 2023;
  • Property tax increases, which will be exacerbated by this new NDP payroll tax;
  • Environmental regulations and new fees such as Recycle BC (formerly MMBC) and movement away from single-use items; and,
  • Gas prices will rise due to the increase in the carbon tax – an extra $5 per tonne annually until 2021, starting April 1.

“Small business is the heart of healthy and strong communities, but the backs of entrepreneurs looking to start or invest in a business are being broken by government’s never-ending tax hikes and -growing red tape,” said Gardner. “This payroll tax is punitive and will dampen the creation of new jobs and opportunities for young people and for those looking for work, it will push up costs for consumers, and it will prompt significant tax increases from local governments.  There is nothing affordable or balanced about this new tax.”

The letter calls on James to cancel the payroll tax and instead consult with stakeholders to find a fair and balanced approach. It was signed by ICBA, Canadian Federation of Independent Business, BC Construction Employers, Urban Development Institute, Restaurants Canada, B.C. Hotel Association, Progressive Contractors Association, Tourism Industry of B.C., and Retail Council of Canada. Read the full letter HERE.

TRAINING THURSDAY: Get the PST Right (Breakfast Session)

Understanding how Provincial Sales Tax works for your construction business can be challenging, but our training department is here to help! We’re hosting a breakfast seminar in Burnaby on March 23 to help home builders, renovators and trade contractors understand how PST applies to their business. You’ll also learn about who pays PST and how to pay it, as well as:

  • When to pay PST on your goods and supplies
  • How PST applies to goods for resale vs. those you install
  • How PST applies to goods used to fulfill a contract outside B.C.
  • When you need to be registered to collect PST
  • When to charge your customers PST
  • How PST applies to goods bought outside B.C.
  • When you may be eligible for a PST refund and how to apply

Plus, you’ll earn 2 Group B CPD Points from BC Housing!

You can register for this or any of our other upcoming courses at www.icba.ca/training. And while you’re there, don’t forget to subscribe to our biweekly training newsletter at www.icba.ca/trainingnewsletter so you don’t miss any of the latest updates on our workshops!

TRAINING THURSDAY: Construction Business Management

Managing a business can be challenging, and that’s no different when it comes when it comes to a construction business. Our upcoming Construction Business Management workshops are here to help!

At the end of the course participants will be able to:

  • Understand the strategic planning process and how to implement it within their context
  • Understand the importance of a business plan and how to prepare one
  • Understand the participants within the construction industry – their roles, responsibilities and limitations
  • Understand the benefits of a participatory management culture
  • Formulate a marketing plan and understand the marketing mix
  • Develop a human resource management plan
  • Understand the employment cycle/process
  • Develop an employee performance evaluation system
  • Increase staff morale and engagement
  • Understand operational planning for construction companies
  • Formulate a financial plan, budgets, ratios and break-even analysis
  • Understand the importance of financial internal controls
  • Develop benchmarks and key performance indicators
  • Understand bonding and insurance for construction companies
  • Use risk management tools to identify risk and how to mitigate risk

You’ll also earn 5 Gold Seal Credits and 30 Group B CPD Points from BC Housing!

Our next two-day session takes place in Burnaby on March 8-9; register now so you don’t miss out! You can register for this or any of our other upcoming sessions at www.icba.ca/training.