MP Reports UPCOMING CHAMBER EVENTSChamber Member Reception - Sept. 17th EXTRA! EXTRA! THANK YOU RENEWING MEMBERS!(for members who renewed in August) Align Pedorthics To learn more about a business, visit our online directory. MEMBER 2 MEMBER, LOCAL 2 LOCALThank you to Participating Businesses Grand Wines Sign Up to offer a Discount Local2Local CHAMBER EVENTSMember Reception: Sept. 17th
all members welcome at the Chamber office to meet the Board of Directors Networking Breakfast: Sept. 30th at Van Gali's - Garreth Madden from Collins Barrow will speak on "Things mall business owners need to know". All Candidates Meeting: Oct 7th at The Fergus Legion. All Welcome. Questions can be submitted at anytime. Business Showcase: Oct. 22nd at Grand River Raceway. Register your business today. Wine Tour: Nov. 8th Register today, limited spots MEMBER MILESTONESCongrats to Joanne and Jay on the birth of their baby girl, Della Rae! MONTHLY WINK
CELEBRAT ![]() Take time to share your small wins too. It goes a long way to boosting morale, and acknowledgement is another terrific motivator. This applies to acknowledging and celebrating your own victories, as well as those of other team members. It can take the form of a simple round of applause, to a card of recognition, to a shared bottle of bubbly. Cheers! kickstarters.ca
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MP REPORTSSmall businesses are the backbone of Canada's economy and the cornerstone of our local communities. Averaging less than 100 employees, small businesses employ over seven million Canadians and contribute to almost 40 per cent of Canada's GDP. In Wellington County alone, 89 per cent of businesses have fewer than 19 employees. The federal government understands the important contribution that Canadian small businesses make to our local communities. In Canada, over 90 per cent of Canadian businesses classify as a small or medium size business. That is why the federal government has made it a priority to reduce taxes and eliminate costly red tape for small businesses. To date, the government has reduced the small business tax rate from 12 to 11 per cent and increased the maximum amount of revenue that a business can have to qualify for the lower small business tax rate from $400,000 to $500,000. This is in addition to maintaining a freeze on Employment Insurance premiums. As a result, small businesses have had their taxes reduced by 34 per cent. For example, a business with a taxable income of $500,000 has had its annual taxes reduced by almost $28,600 since 2006. The government has also reduced the number of payments and filings that businesses have to prepare and submit to the Canada Revenue Agency. Since 2006, the government has cut red tape by reducing the maximum number of payments that more than 50,000 businesses have to prepare and submit to the Canada Revenue Agency, eliminating the requirement for more than 800,000 payments. In addition, the government has combined two federal and provincial corporate tax returns into one federal return. The recent federal budget builds upon these achievements. The government recognize that taxes absorb dollars that can be used by business owners to invest in plant, capital and equipment. The federal budget will reduce the small business tax rate from 11 per cent to 9 per cent by 2019, creating the largest tax rate cut for small business in more than twenty-five years. This will allow small businesses to retain more earnings that can be used to reinvest and create jobs. In addition, the federal budget proposes to amend the Canada Small Business Financing Act to raise the small business eligibility criteria from firms with gross annual revenues of $5 million or less to firms with gross annual revenues of $10 million or less. Furthermore, federal budget proposes to increase the Lifetime Capital Gains Exemption from $800,000 to $1 million for farmers, who are an important part of our local small business economy. This will allow farmers to maintain more of their capital for retirement. For more information , please do not hesitate to contact me at michael@chong.ca ROBERTA REPORTSSeptember is upon us, the days are feeling fall like and soon the kids will be back to school! This is certainly a busy time of year! At the Chamber we are busy planning the upcoming season of Breakfast meetings, Business After Hours, Business Showcase, Mayor’s Breakfast and other events such as the Wine Tour. The Chamber website and your weekly email will have the event details. Ensure your participation by RSVP’ing, then share and help spread the word amongst colleagues and friends! We have invited the following confirmed candidates: Michael Chong (Conservative), Brent Bouteiller (Green), Don Trant (Liberal) and Anne Gajerski-Cauley (NDP) to participate in and All Candidates meeting on Wednesday, October 7th at the Fergus Legion from 7-9 pm. We will be accepting written questions only prior to or at the event. Please submit any questions of a federal nature to chamber@cwchamber.ca If you can’t make it to the All Candidates night…remember to get out and Vote on October 19th! The Business Showcase will have a couple of changes this year. The Lighthouse restaurant at Grand River Raceway is undergoing some renovations, so the Exhibitor area will be in the 2nd floor foyer of the main OLG Slots building – we should have lots of room and ample electrical outlets. IF you have a 6 or 8 foot table – please bring it with you. We will have access to a limited number of tables. The Dinner will be in the same location in the Wellington Room…our speakers will be Greg Kennedy and Irina Koropenko-Ruban from Meridian Credit Union. If you are in business chances are Succession Planning should be on your radar – it’s never too early to start thinking and planning for that. There will be a group of 21 off to Ireland September 23rd to October 1st. This is a Chamber organized tour in partnership with Indus Travel and our local agent Noecker Travel in Elora. RIBBON CUTTING AT UTS CONSULTANTS INC.
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Disclaimer - Any opinions and articles in this newsletter, do not necessarily express the views of the Centre Wellington Chamber of Commerce. We take every effort to ensure correct spelling and accuracy of information. If you have any comments or concerns, please email rscarrow@cwchamber.ca or phone 519-843-5140.
The Business Blink is a monthend email newsletter published by the Centre Wellington Chamber of Commerce for the business community. If you are not already a member, please consider supporting the Champion of Business in Centre Wellington by becoming a member.
Centre Wellington Chamber of Commerce | 400 Tower Street South | Fergus | Ontario | N1M 2P7 | Canada