Metro Vancouver’s business community is cheering B.C.’s 2017 budget, which it says will be a boon to small enterprises.
Greater Vancouver Board of Trade president Iain Black calls it the right mix of tax relief and investment in infrastructure.
“There isn’t a government in the country that wouldn’t want to be putting out this budget today.”
He says a half point cut to small business taxes, combined with the eye-catching slash to MSP premiums will boost the small businesses powering a third of the province’s economy.
“That directly impacts the economy, and that to many members of the board of trade, is actually more important than seeing [a cut to] the corporate tax rate.”
Black adds he’s not concerned to see projected debt swelling by nearly $10-billion, driven largely by capital spending.
“We’re not concerned about debt which is what we call smart debt, so investment in infrastructure. The return on investment for such things, the road and rail and waterway network that is the pacific gateway is crucially important, and every dollar we invest in there, whether it’s afforded by debt, or cash up front returns enormous returns to the business community.”
He says he’s also pleased to see the province pouring billions into infrastructure projects across the province.