This Week in Business

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Welcome to the first edition of the column for 2018! We would like to take this opportunity to remind you that the Chamber Office re-opens Wednesday at 9am, and we look forward to getting on with what promises to be a very exciting year. Here’s what is going on this week.

 

Proposed City Budget: The City has posted its proposed 2018 budget and is seeking feedback from the public. You can read the budget document here: https://www.brooks.ca/599/2018-Budget. Here are some highlights:

The budget proposes a property tax increase of 2.26%, a 4% increase in water, a 3.7% increase in garbage and a 1.7% increase to sanitary/sewer rates. To provide you with a benchmark: the inflation rate in Alberta in 2017 was pegged at 2.5%. Read more about spending priorities here: http://brookschamber.ab.ca/blog.asp?bnID=2537.

We encourage all residents of Brooks and business owners to review the document and provide feedback to the City. We also realize that our Members are busy folks. That’s why we will be holding a budget come-and-go consultation with Members on January 11th from 9-5 at the Chamber office. We will listen to your feedback and make a submission to council on behalf of our Members.

 

Time to Renew Your Membership: The Chamber is the voice of Business in Brooks and the Region of Newell. Every day our Board and Staff is working hard to help make sure this remains the best place to live, work, invest and raise a family. We are so pleased to share that in 2017 our membership grew 17.3% on the strength of our back-to-basics agenda.

So please keep an eye out for your renewal notices in the mail, and kindly send them back! Want to skip the paperwork and do it online? You bettcha! You can join us online by clicking here: http://brookschamber.ab.ca/content-detail.asp?ID=260&CatID=2. And don’t forget, you can write off your membership in the Chamber as a business expense!

 

Doing Business with the Chamber: We believe in local business, and we are currently looking to source several types of products and services. If you are interested in doing business with us, check out our current Request for Proposals Here:

  • Hospitality: http://brookschamber.ab.ca/content-detail.asp?ID=323&CatID=1
  • Printing: http://brookschamber.ab.ca/content-detail.asp?ID=321&CatID=1
  • Advertising: http://brookschamber.ab.ca/content-detail.asp?ID=322&CatID=1
  • Photography:  http://brookschamber.ab.ca/content-detail.asp?ID=324&CatID=1

 

Provincial and Federal Tax Changes: The Canadian Taxpayers Federation (CTF) released its annual New Year’s tax changes report, noting that the biggest impact for Albertans on January 1st will be the 50 per cent increase to the carbon tax.

“Raising taxes on struggling businesses will make it harder for them to stay in business or hire more workers,” said CTF Interim Alberta Director Colin Craig. “The government should eliminate its carbon tax, but at the very least, they should hit the pause button on this year’s increase.”

Come January 1st, taxpayers will see the following carbon tax changes:

 

2017

2018

Diesel

5.35 ¢/L

8.03¢/L

Gasoline

4.49¢/L

6.73¢/L

Natural gas

1.011 $/GJ

1.517 $/GJ

Propane

3.08¢/L

4.62¢/L

Federal tax changes taking effect on January 1 include the following:

  • The small business tax rate will drop from 10.5 per cent to 10 per cent;
  • Albertans earning over $51,700 will pay an extra $9 in Employment Insurance premiums while their employers will pay an extra $13;
  • The Canada Child Benefit (CCB) will be indexed for inflation starting in July 2018. After accounting for inflation, since 2017, the benefit’s value actually decreases in 2018. A decrease in real value of $61 for children under six years old, and $72 for children aged six to 17.

The CTF’s annual New Year’s Tax Changes report can be found HERE

 

 

Posted on:
Tuesday, January 02, 2018