The Calgary Chamber of Commerce is calling on the province to help small businesses by eliminating small business tax.
In a Monday news release, the chamber said though inflation and interest rates are easing, more than two-thirds (69.9 per cent) of small and medium-sized businesses report cost concerns are their biggest obstacle right now.
“Small and medium-sized businesses are the backbone of Alberta’s economy. As these businesses play a pivotal role in local communities, their ability to thrive directly impacts job security, local spending and overall economic resilience,” said Deborah Yedlin, Calgary Chamber of Commerce president and CEO.
Alberta’s small business tax currently sits at two per cent, the same as British Columbia and the Northwest Territories.
Yedlin says that eliminating small business tax would not only promote affordability but also ensure Alberta remains a “leading destination for entrepreneurship and innovation.”
The chamber estimates that eliminating the tax would cost …