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  • Atlantic Chamber of Commerce Applauds Tax Reduction, Urges Fiscal Responsibility

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    Thursday, October 24, 2024
    FOR IMMEDIATE RELEASE: October 23, 2024
     
    Atlantic Chamber of Commerce
    Patti Colson, Manager of Communications
    902.694.2210 | patti@atlanticchamber.ca
     

     

    Atlantic Chamber of Commerce Applauds Tax Reduction, Urges Fiscal Responsibility

     
    Windsor, NS (October 23, 2024) – The Atlantic Chamber of Commerce applauds the Government of Nova Scotia's announcement to reduce the Harmonized Sales Tax (HST) by one percentage point, effective April 1, 2025. This decision marks a significant step towards alleviating financial pressures on businesses within the region.
     
    “Lowering the cost of doing business has been a priority for the Atlantic Chamber of Commerce and our members,” said Rhonda Tulk-Lane, CEO of the Atlantic Chamber of Commerce. “This reduction in the HST is a clear indication that the Government of Nova Scotia is committed to fostering an environment conducive to economic growth and is actively listening to the business community's needs.”
     
    While the Atlantic Chamber is supportive of reducing the cost of doing business through lowering the sales tax, it is also incumbent upon Government to ensure that it practices fiscal prudence and does not contribute to the province’s debt through deficit spending. The Atlantic Chamber believes that this balanced approach will help sustain economic stability and growth in Nova Scotia. Over the years, the province has been a leader in reducing regulatory burden for businesses; by continuing to reduce the tax burden, the Government will continue to make Nova Scotia an attractive and competitive place for investors and entrepreneurs.
     
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    About the Atlantic Chamber – The Voice of Atlantic Canadian Business
    The Atlantic Chamber of Commerce (ACC) is the largest accredited business organization of influence in Atlantic Canada representing more than 16,000 businesses and their 300,000 employees through its network of 90 Chambers of Commerce in the four Atlantic Provinces. For more than 125 years, ACC has served as the voice of Atlantic Canadian business and actively partners with its members and other organizations to help create a strong, vibrant, and growing Atlantic Canada.
     
     

  • Business Truth & Reconciliation Business Truth & Reconciliation

    The Atlantic Chamber of Commerce takes proactive steps to promote reconciliation and respect for Indigenous rights within the corporate sector. In response to the Truth and Reconciliation Commission's Call to Action 92, the Chamber urges its members to embrace the United Nations Declaration on the Rights of Indigenous Peoples as a guiding framework.

     

    Recognizing the importance of education, the Chamber encourages businesses to provide comprehensive training for management and staff on the history of Indigenous peoples, including the legacy of residential schools, Indigenous rights, and Aboriginal-Crown relations. Emphasizing intercultural competency, conflict resolution, and anti-racism, these efforts aim to foster a more inclusive and harmonious corporate environment rooted in mutual understanding and respect.

    Learn more click here