Title: The Layered Costs of Government Policies
Author: Calgary Chamber
Publisher: Calgary Chamber of Commerce
Date: December 14, 2017
The Calgary Chamber of Commerce finds that “Minimum wage increases, rising municipal property taxes, carbon taxes, new labour code reforms, increasing personal and corporate income taxes, greater future Canadian Pension Plan contributions, and the recently proposed federal tax changes” are creating a “layering effect” that is hindering the success of Calgary businesses.
These burdens can result in “layoffs and fewer future job opportunities; higher prices; fewer services offered to customers; fewer funds available for business owners to reinvest and scale up their business; … potential investments flowing to other jurisdictions; business closures; [and] double impact to low-income earners.”