New data from the Canadian Federation of Independent Business (CFIB)shows weakening business confidence in British Columbia and rising cost pressures across the board. “Business confidence in BC is weak, barely above neutral, and moving in the wrong direction,” said Gavin Dew, MLA for Kelowna–Mission and Critic for Jobs, Economic Development, Innovation and AI. “At the exact moment small businesses are struggling, this government continues to kick them while they’re down with higher taxes and more red tape.” CFIB data shows 74% of small businesses in BC identify tax and regulatory costs as a major challenge, alongside rising pressures from insurance, wages, and energy. “Tax and regulatory costs are a major burden on small businesses, and this government keeps making red tape and taxes worse,” said Dew. “Insurance is also one of the top pressures, reflecting the real public safety challenges businesses are dealing with every day.” The report also points to weakening demand, declining bu...
A new poll finds that 78% of British Columbians say the BC Supreme Court’s Cowichan decision will hurt BC’s economy by undermining property rights. The decision granted Aboriginal title over approximately 800 acres of private land in Richmond – including farms, small businesses, and individual homes. Opposition crosses every region and every political party. The poll was commissioned by the Independent Contractors and Businesses Association (ICBA), Canada’s largest construction association. According to the poll, the Cowichan decision has heightened concerns about private property not just in Richmond, but across BC. “Farmers, ranchers, small businesses and homeowners are struggling to understand the implications of this decision on land values, on when, and how, they can sell their properties, and on how projects get approved – there is a real risk that if the Government is not clear on its policy approach and what all of this means, BC will become uninvestable,” said ...