MP Reports
Roberta Reports
Extra Extra
Ribbon Cutting
Member2Member, Local2Local
Upcoming Chamber Events
Member Milestones
Monthly Wink
Renewing Members
 

UPCOMING CHAMBER EVENTS

Chamber Member Reception - Sept. 17th
Networking Breakfast - September 30th
All Candidates Meeting - October 7th
Business Showcase - Thursday Oct. 22nd
Wine Tour - Sunday Nov. 8th

For more information on any of these events – please contact the chamber staff or check our website, www.cwchamber.ca.
 

EXTRA! EXTRA!
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THANK YOU RENEWING MEMBERS!

(for members who renewed in August)

Align Pedorthics
Almost Anything Wood
Centre Wellington Dental
Document Imaging Partners
Elora Centre for the Arts
Fergus Pools
Guelph Mortgage Centre
Impact Physiotherapy & Performance Inc.
Loney & Associates
Nature's View Landscaping & Maintenance
Remax Real Estate Centre Inc.
Shaw Music
Shopper Drug Mart - Fergus
True Auto Care
Wellington Advertiser
Wellington County Library

To learn more about a business, visit our online directory.

MEMBER 2 MEMBER, LOCAL 2 LOCAL

Grand Wines
One AXE Pursuits
Beyond Rewards
Elora Apothecary ~ Pharmasave
Intelligent Computer Systems Inc.
Schelter Office Plus
The Chanticleer Shop
The Ostic Group

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CHAMBER EVENTS

MONTHLY WINK


CELEBRATE YOUR WINS;  BIG AND SMALL!

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!

MP REPORTS

Small 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 REPORTS

September 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 7^th 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 19^th!

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 2^nd 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 23^rd to October 1^st.  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.

To celebrate the expansion and growth of UTS Consultants Inc., a ribbon cutting ceremony took place at 195 St. David St. South, Fergus on August 6th. Fred Morris (Councillor Ward 4), Janet Harrop (Chamber President), Wayne Groves (UTS President), Jamie Ueyede (UTS Vice President), Mary Lloyd (Deputy Mayor and Councillor Ward 3) were on hand to help cut the ribbon.

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