Latest News from the ACC
As a valued member of the Cochrane & District Chamber of Commerce, you are also a part of the Alberta Chambers of Commerce. Since 1937, the Alberta Chambers of Commerce provides a powerful voice on behalf of the business community by speaking out on issues such as taxes, transportation, and education.
Your financial support of a local Chamber of Commerce ensures a resource of information and services for the business region that it serves. By supporting the Alberta Chambers of Commerce, you are supporting all the business communities in Alberta.
Latest News from ACC
MEDIA RELEASE—February 3, 2020
For immediate release
Taxes, franchise fees top cost barriers to Alberta business
Alberta businesses cite taxes and franchise fees as top barriers to their growth and sustainability, recent Alberta Chambers of Commerce market research reveals.
Of the government costs that research respondents identified as barriers rather than benefits to their success, insurance premiums tax (69 per cent), small business tax (58 per cent), corporate income tax (57 per cent), and municipal franchise fees (54 per cent) top the list.
Businesses most frequently cited corporate income tax (25 per cent), small business tax (15 per cent), municipal business tax/mill rate (13 per cent), and insurance premiums tax (12 per cent) as presenting the single greatest cost barrier to their business. On the other hand, respondents most commonly identified municipal utilities (21 per cent), business licences (16 per cent), and community revitalization levies (11 per cent) as costs that provide the single greatest benefit to their business.
MEDIA RELEASE—January 28, 2020
For immediate release
Alberta Chambers releases budget recommendations
Recommendations focus on strengthening fiscal competitiveness
The Alberta Chambers of Commerce released its recommendations for the 2020 provincial budget today. The recommendations—which were sent to Finance Minister Travis Toews—focus on strengthening Alberta's fiscal competitiveness through accountable government.
The Alberta Chambers network's recommendations for Alberta's 2020 budget follow.
- Continue to freeze operational expenditure growth until the budget is balanced.
- Negotiate government labour agreements due for renewal with a target of zero staffing increases and zero per cent salary increases. This target should remain in place until the currently depressed labour market has rebounded sufficiently to justify wage growth.
- Ensure that Alberta’s small business corporate tax rate does not exceed the lowest tax rate in other Canadian provinces or territories.
The recommendations are supported by data recently collected through the Alberta Perspectives market research program, which show business confidence at both the municipal and provincial levels is suffering. More information on these findings is available here.
The Alberta Chambers' full budget submission is available here.
Fall Board Meeting and Deputy Ministers' Dinner
Peter MacKay delivers love letter to Alberta from Atlantic Canada
The ACC recently hosted our 18th annual Fall Board Meeting and Deputy Ministers' Dinner. This year's event featured record attendance, including 23 chambers of commerce and 26 senior public servants who generously shared their time and knowledge over dinner. Thank you to all who attended for your engagement!
- A keynote address by Tanya Fir, Minister of Economic Development, Trade and Tourism
- A local red tape reduction panel featuring Rural Municipalities of Alberta and Alberta Urban Municipalities Association representatives as well as ACC President and CEO Ken Kobly
- A discussion of Alberta's pivotal role in Confederation by Hon. Peter MacKay
- An exploration of the fiscal implications of the Fair Deal Panel by Katherine White, former chief economist of Alberta
- A dinner and Q&A period with 26 senior public servants representing nearly every provincial government ministry
Headlines & News
Expanded economic tools for municipalities
The Alberta government introduced legislation to allow municipalities to offer property tax incentives to business owners for machinery and equipment.
Daylight saving time survey
The Alberta government is currently surveying on daylight saving time. The survey is open until December 10.
Highlights & Events
2020 Economic Outlook Conference
The Economics Society of Northern Alberta (ESNA) is hosting its annual Economic Outlook Conference on December 5 in Edmonton. Featuring some of the most influential thinkers on economic issues in Alberta, this year's event will cover topics including trade, energy policy, and economic diversification. Tickets are on sale now through Eventbrite!